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

17.12.2021 TGS Baltic advised the shareholders of Medicinos Bankas on the sale of 100% of the bank’s shares

We advised Konstantinas Karosas and Western Petroleum Limited, the shareholders of Medicinos bankas on the sale of 100% of the bank’s shares to the purchaser AAA Capital.

 

The transaction is scheduled to be completed once the approvals of the Bank of Lithuania, the Commission for Coordination of Protection of Objects Important for Ensuring National Security and the Competition Council of the Republic of Lithuania will be received.

Medicinos Bankas focuses on small and medium-sized businesses and renders various financial services to its customers since 1992. Presently, the bank has customer service units throughout Lithuania. Moreover, Medicinos Bankas was among the first banks in Lithuania to offer Internet banking services.

AAA Capital is controlled by the open-ended investment company with variable capital intended for informed investors “Mūsų ateities investicijos” and the ultimate key investor of which is Marius Jakulis Jason.

A team of excellent TGS Baltic professionals assisted the sellers in this transaction: partner Robertas Degesys, senior associates Indrė Vickaitė-Liatukė and Karolina Lapinskaitė and associate Edvinas Einoris.