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

03.12.2018 TGS Baltic advised Avia Solutions Group and its shareholders on delisting the company's shares from the Warsaw Stock Exchange

In addition to TGS Baltic, the company and its shareholders were also represented in this transaction by the international law firm Dentons Europe Dąbrowski i Wspólnicy sp. k.

During the official tender offer aimed at delisting the shares of the company from trading on the regulated market, almost 80% of all shareholders sold their shares, and they were paid a total of nearly EUR 3.7 million for those shares.

TGS Baltic Partner Vidmantas Drizga and Senior Associate Mantas Gofmanas were advisors on  Lithuanian laws in the process. They helped prepare the necessary corporate documents, documents concerning the official tender, and other project-related documents, and also represented the company at the Bank of Lithuania and Nasdaq CSD SE regarding approval for and proper performance 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 aircraft and helicopter maintenance, aviation pilot training, aviation IT solutions, private charter flights, tourism and other services.