TGS Baltic receives CEE Legal Matters Deal of the Year Award

08.06.2018 TGS Baltic receives CEE Legal Matters Deal of the Year Award

We are pleased to announce that TGS Baltic Lithuania and Latvia offices have received CEE Legal Matters Deal of the Year Award.

TGS Baltic Lithuania office received the award for advising UAB Euroapotheca on acquisition of Apoteksgruppen from Sweden, while TGS Baltic Latvia office - for advising AS Augstsprieguma tīkls on acquisition of stake in Conexus Baltic Grid from Uniper.

The CEE Legal Matters Deal of the Year Awards are especially valuable for being exclusively peer-selected, with no possibility of commercial bias or editorial prejudice. The nominees — three for each of the 17 CEE countries, for which the award was made — were selected by a panel of lawyers in each jurisdiction, reviewing the submissions coming from across the CEE. The winners were announced at the CEE Legal Matters Annual Banquet and Awards Ceremony in Prague on 6 June 2018. For more information please click here

TGS Baltic Lithuania office was a strategic legal advisor to UAB Euroapotheca, a Baltic and CEE pharmacy retail and wholesale group, in purchasing a major Swedish pharmacy chain Apoteksgruppen from the Kingdom of Sweden.

The value of the transaction was over EUR 171 million. TGS Baltic partner Marius Matonis was the advisor to Euroapotheca in this process on transaction related legal issues. This is the largest ever Lithuanian investment into the Swedish market and considerably expands business relations not only between Lithuania and Sweden, but also between the CEE and the North European regions, forming one of the leading pharmacy chains in the Northern and Eastern Europe. TGS Baltic Lithuania team was led by partner Marius Matonis, associate Andrius Voska. 

As already announced, TGS Baltic Latvia office advised the Ministry of Economics on the acquisition of 18.31% of the shares of the natural gas transmission and storage system operator AS Conexus Baltic Grid by the Latvian electricity transmission system operator AS Augstsprieguma tīkls from the German energy company Uniper Ruhrgas International GmbH. 

TGS Baltic Latvia team was led by partner Andra Rubene, associate Nauris Grigals (project manager) and supported by partner Linda Štrause, senior associate Māra Stabulniece, and associates Aija Kreicberga, Rūdolfs Vilsons, and Raivis Znotiņš. The purchase of Conexus shares is an important issue of national energy independence and security.