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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.
Tark Grunte Sutkiene has advised Skandia, one of the largest Sweden's banking and insurance groups, on the establishing a new operations centre in Vilnius.
Tark Grunte Sutkiene advised collapsed commercial bank Snoras on the conclusion of the agreement with UAB Baltijos kredito sprendimai on the sale of Snoras loan portfolio. The acquisition of the loan portfolio will be financed by an international investor consortium led by private funds registered in Luxembourg and investment bank Deutsche Bank AG.
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