TGS Baltic advised VIKONDA Group, one of the biggest business groups in Lithuania

04.03.2018 TGS Baltic advised VIKONDA Group, one of the biggest business groups in Lithuania

TGS Baltic advised VIKONDA Group (VIKONDA Concern), one of the biggest business groups in Lithuania with significant interests in food, trade, crop, media industries, construction, and other services, with a consolidated annual turnover of approximately EUR 145 million, on a complex holding restructuring.

 

This was the third significant restructuring of the VIKONDA Group companies conducted in several years and TGS Baltic advised on all of them. The latest restructuring involved, directly or indirectly, 13 companies in total.

The restructuring process included various complicated share transfers and corporate actions (sale of shares, exchange of shares, spin-offs, mergers, increase, and reduction of share capitals, etc.).

TGS Baltic advised not only on legal but also on tax and business matters, coordinated the overall implementation of the entire process and was responsible for its timely and due implementation. TGS Baltic provided advice in connection with the creation of succession planning, new structure, corporate issues related to the restructuring and related tax matters.