TGS Baltic advised the shareholders of Medicinos Bankas on the sale of 100% of the bank’s shares

11.05.2020 TGS Baltic advised the shareholders of Medicinos Bankas on the sale of 100% of the bank’s shares

TGS Baltic advised Konstantinas Karosas and Western Petroleum Limited, the shareholders of Medicinos bankas on the sale of 100% of the bank’s shares to Nitin Shelke.

Nitin Shelke is the Chairman and Founder of Growmore Group, an investment and financial services conglomerate with businesses across the UAE, UK, Switzerland, India, and other regions. 

The transaction is scheduled to be completed once the approvals of the Bank of Lithuania and the Coordination Commission for Protection of Objects of Importance to Ensure National Security of the Republic of Lithuania are received.

A team of excellent TGS Baltic experts assisted the seller in this transaction: Partners Robertas Degesys and Aurimas Pauliukevičius, Senior Associate Indrė Vickaitė-Liatukė, and Associate Karolina Lapinskaitė.