TGS Baltic represented subsidiary of Bigbank in merger control proceedings

13.09.2021 TGS Baltic represented subsidiary of Bigbank in merger control proceedings

Bigbank’s subsidiary Rüütli Majad OÜ acquires two agricultural holdings: Abja Põld OÜ that is engaged in cereal growing and grassland farming, and Abja Farmid OÜ’s enterprise that is engaged in dairy farming.

According to the client’s representative, since 2020, the Bigbank AS group has been engaged in investing in the agricultural sector, mainly through the subsidiary OÜ Rüütli Property that is engaged in investing in agricultural land and, to a smaller extent, also in agricultural production. This experience has enabled getting to know the agricultural sector very well and, thus, entry into agricultural production to a larger extent is the next logical step.

“We are glad that we have been able to assist the client in implementing their business plans by helping to solve the legal procedures necessary for finalizing the transaction as smoothly as possible,” said attorney-at-law Katri Paas-Mohando who represented Rüütli Majad OÜ before the Estonian Competition Authority.

TGS Baltic’s team included counsels Katri Paas-Mohando and Triinu Järviste and lawyer Hanna Maria Kokla.