COBALT advised UAB Fegda on the acquisition of controlling interest in UAB Tilsta

COBALT advised UAB Fegda on the acquisition of controlling interest in the bridge construction company UAB Tilsta.

The Lithuania-based company UAB Fegda implements road, street and airfield building and field engineering network construction projects in various locations in Lithuania. The company’s annual turnover has ranged from EUR 23.2 million to EUR 58 million in recent years. UAB Fegda implements large scope road building projects in Lithuania. Its largest recent project was the construction of Vilnius Southern Bypass worth over EUR 75.3 million.

The bridge construction company UAB Tilsta implements projects related to the design, construction, repair and maintenance of bridges, viaducts, underpasses, tunnels, elevated highways, culverts, and hydrotechnical structures.

COBALT work included drafting of transaction documents, assistance with merger clearance and provision of other legal advice. The team was led by Managing Partner Dr Irmantas Norkus and Managing Associate Dr Juozas Rimas.