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Tark Grunte Sutkiene successfully advised City Service, a holding company managing one of the largest corporate groups engaged in facility management and integrated utility services in Europe, on establishment of a European Company (Societas Europaea, SE) and admission of its shares to trading on the Warsaw Stock Exchange.
Tark Grunte Sutkiene advised Affidea (formerly known in Lithuania as Medea) group companies on merger of four companies in Lithuania into single entity. The process was structured in such manner that three subsidiaries were merged into parent company, thus simplifying group structure as well as making administrative body and corporate management more effective.
Tark Grunte Sutkiene advised Fuchs Petrolub SE on the Estonian, Latvian and Lithuanian law aspects of acquisition of Statoil Fuel & Retail Lubricants business. The transaction was signed in August and closed in October 2015. Fuchs Petrolub is the world’s leading independent supplier of lubricants headquartered in Germany (www.fuchs-oil.com). In the financial year 2014/2015, Statoil Fuel & Retail Lubricants business generated sales revenues of approximately EUR 140 million.
Tark Grunte Sutkiene has advised Irish media company Communicorp Group on the sale of Latvian radio group AS Radio SWH Latvia to Cinamon Holding OÜ, an Estonian-based entertainment company with a network of cinemas across the Baltic countries.
Tark Grunte Sutkiene advised Scandinavian financial group Swedbank on the acquisition of Danske Bank personal banking business in Lithuania and Latvia.
The ruling of the Estonian Supreme Court dated 31 August 2015 marked the successful termination of the competition case brought against AS Eesti Post, the Estonian national postal service provider, towards the end of 2013.
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