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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.
Tark Grunte Sutkiene has advised world’s largest manufacturer and distributor of sewing thread and supplies Coats plc on the sale of the EMEA Crafts business to AURELIUS Group.
We advised two clients – Flora Ehitus OÜ and Kemiflora OÜ – on the whole process of the sale of six developed business immovables to a local retailer
Tark Grunte Sutkiene advised Etronika, a leading developer of electronic banking, mobile signature, electronic transport tickets, and retail software solutions, on a EUR 400 thousand investment from Norway Registers Development (NRD AS), a company controlled by ICT investment group INVL Technology.
Tark Grunte Sutkiene advised INVL Technology, a company investing in information and communication technologies, on successfully completed public offering of shares with the total issue price of over EUR 10 million and admission thereof to trading on the NASDAQ OMX Vilnius. This new share issue is the largest in the Baltic States since 2011.
Yesterday, on 29 June, the owners of Eesti Telekom, one of the largest telecommunication companies in the Baltics, signed a contract for the purchase of the rapidly developing IT company Green IT. The transaction will be closed after receiving clearance from the Estonian Competition Authority. After closing, Green IT will continue its activities as separate company under the current trademark.
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