TGS Baltic advised Avia Solutions Group and its shareholders on delisting of shares of the company from the Warsaw Stock Exchange

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TGS Baltic advised AB Avia Solutions Group and some of its shareholders on delisting of shares of the company from trading on the regulated market in the Warsaw Stock Exchange. In addition to TGS Baltic, the company and its shareholders in this transaction were also represented by international law firm Dentons Europe Dąbrowski i Wspólnicy sp. k.

During the official tender offer, aimed at delisting shares of the company from trading on the regulated market, almost 80% of all shareholders of the company, to whom the official tender offer had been made, sold their shares, almost EUR 3.7 million was paid for the shares so purchased.

TGS Baltic – Partner Vidmantas Drizga and Senior Associate Mantas Gofmanas – were Lithuanian laws advisors in the process, who helped to prepare necessary corporate documents, as well as documents concerning the official tender offer aimed at delisting shares of the company from trading on the regulated market, other project related documents, represented the company in the Bank of Lithuania and Nasdaq CSD, SE regarding approval and proper implementation of actions in connection with the process.

Avia Solutions Group is an international aviation holding company with over 30 subsidiaries worldwide. The group has offices in Cyprus, the USA, the United Kingdom, Poland, Serbia, Estonia, Russia, Thailand and Indonesia. With over 1,600 clients in America, Europe, Asia, Africa and the Middle East, Avia Solutions Group is among the market leaders, providing services of aircraft and helicopter maintenance, aviation pilot training, aviation IT solutions, private charter flights, tourism and other areas.