TGS Baltic advised Veho on selling its subsidiary

31.12.2019 TGS Baltic advised Veho on selling its subsidiary

TGS Baltic advised the largest car dealership in the Scandinavian and Baltic region Veho on selling its subsidiary Veho Eesti AS. In addition, we advised in the sale of two registered immovables where Veho car show rooms operate. Established in 1992, Veho Eesti was, until now, engaged in import of Citroën passenger cars and utility vehicles and retail sale of Honda.

Now they concentrate on the acquisition and development of Silberauto in the Baltic States and representation and retail sale of Mercedes-Benz vehicles. TGS Baltic team consisted of Partners Sander Kärson and Kadri Kallas, Senior Associate Mikk Lõhmus, Associates Kärt Raud and Indrek Kangur and Junior Counsel Mirko Kikkamägi, who acted as Estonian legal advisors in the process.

Established in 1939, Veho is a Finnish automotive company that also operates in Sweden and the Baltics. The company was founded as a partner for Mercedes-Benz vehicles.

Veho Eesti was founded in 1992. The company imports Citroën passenger and commercial vehicles in Estonia, Latvia and Lithuania, as well as provides retail and service for Citroën in Estonia. In addition, the company retails Honda in Tallinn. In 2018, Veho Estonia had a turnover of EUR 74,000,000 and 121 employees at the end of the year.

For more information in English, please go to: