TGS Baltic advised the shareholders of OÜ Eesti Digiraamatute Keskus in selling a majority shareholding to a leading Russian publisher OOO “LITRES”

10.11.2019 TGS Baltic advised the shareholders of OÜ Eesti Digiraamatute Keskus in selling a majority shareholding to a leading Russian publisher OOO “LITRES”

TGS Baltic advised the shareholders of OÜ Eesti Digiraamatute Keskus in selling a majority shareholding in OÜ Eesti Digiraamatute Keskus to OOO “LITRES”, a leading Russian publisher as well as no. 1 ebook distributor and seller in Russia.

TGS Baltic advised the shareholders of OÜ Eesti Digiraamatute Keskus in selling a majority shareholding in OÜ Eesti Digiraamatute Keskus to OOO “LITRES”, a leading Russian publisher as well as no. 1 ebook distributor and seller in Russia.

TGS Baltic advised the sellers in all aspects of the transaction, from negotiating and preparing the initial term sheet and negotiating the transaction documents to assisting on completion of the transaction.

The team was led by Partner Sander Kärson supported by Senior Associates Mari-Liis Orav, Vitali Šipilov, Associates Indrek KangurKärt RaudJunior Counsel Mirko Kikkamägi and Lawyer Eva Arumets

Eesti Digiraamatute Keskus helps publishers to create high-quality books to meet the standards of the most demanding readers. They also help to distribute and promote ebooks as they have developed a wide-based ebook sales network.

About the Transaction

For more information in English, please go to: 

https://www.ewdn.com/2019/11/06/russian-e-book-leader-litres-expands-to-poland-baltic-states-and-finland/

For more information in Estonian, please go to:

https://arileht.delfi.ee/news/uudised/venemaa-kirjastaja-ostis-eesti-e-raamatute-valjaandja-enamusosaluse?id=87921873