COBALT advised UAB Heliosinergija on the acquisition of 100% shares in UAB Oracal Lipnioji Plėvelė.
UAB Heliosinergija and UAB Heliovalda deal was officially closed on 31 December 2013. Following the closing, UAB Heliosinergija directly owns 100 per cent shares in UAB Oracal Lipnioji Plėvelė and indirectly owns 100 per cent shares in UAB Heliopolis.
UAB Heliosinergija belongs to a group of companies whose principal business is wholesale of various types of paper and cardboard for printing, publishing and office needs, as well as wholesale of paper and materials for sewing industry, other materials and equipment.
UAB Oracal Lipnioji Plėvelė is engaged in retail and wholesale trade of adhesive films and other advertising and construction materials. Its subsidiary UAB Heliopolis is one of the biggest polymeric materials suppliers in Lithuania and a leader in supplying finished and semi-finished plastic products.
COBALT assisted in structuring the deal, drafting, negotiating and organising the execution of the share acquisition, financing and other required documents, obtaining merger clearance and provided legal advice on all related matters. The team was led by Eva Suduiko, Senior Associate at the law offices COBALT.