Advising Ermitažas in acquiring Bauhof

21.08.2018 Advising Ermitažas in acquiring Bauhof

TGS Baltic advised UAB Ermitažas, a major Lithuanian chain offering finishing goods, gardening items, and construction materials, in the acquisition of the Estonian company Bauhof, which is a leader in the same sector. After the acquisition UAB Ermitažas became the third largest merchant of construction materials and household items in the Baltics.

TGS Baltic's cross-border M&A team advised UAB Ermitažas on strategic transaction issues, represented the company in negotiations, drafted contract documents, performed legal due diligence, etc.

Ermitažas – belongs to one of the largest business groups in Lithuania, Vilniaus Prekyba. Among its biggest subsidiaries are Maxima Group, pharmacy chain Euroapotheca, chain of construction and finishing materials Ermitažas and commercial real estate development and management company Akropolis. https://www.ermitazas.ltb

Bauhof – the leader in the building materials’ and DIY retail market with its 13 stores in Estonia.

On the same topic

Postimees: Bauhof is going to the Lithuanians
Äripäev: Lithuanians will buy Bauhof
ERR: Lithuanian group buys Bauhof retail chain
Ehitusuudised: Lithuanian group buys Bauhof stores
Äripäev: Bauhof went to the Lithuanians
Delfi: The owners of Maxima will buy Bauhof
The Baltic Times: Lithuania's Ermitazas buying Estonia's Bauhof
The Baltic Course: Lithuania's Vilniaus Prekyba concludes purchase of Estonia's DIY retailer Bauhof
ERR: Maxima’s owner concluded purchase of Bauhof retail chain
EuropaProperty: Lithuanian Ermitažas to acquire Bauhof in Estonia