Cobalt has advised the shareholders of UAB Sekargas Ir Kompanija — a Lithuanian provider of cargo supervision and quality inspection services — on the sale of 70 percent of the company’s shares to J.S. Hamilton Poland S.A. Tark Grunte Sutkiene advised J.S. Hamilton Poland on the transaction, which closed in February following clearance by Lithuania's Competition Council and Commission for Approval of Conformity of Potential Participants to National Security Interests. The value of the transaction was not disclosed.
According to the terms of the deal, J.S. Hamilton Poland will be able to acquire the remaining 30% of Sekargas's shares in two to three years.
J.S. Hamilton Poland started its quality inspection activity in 1989 in Gdynia and at present conducts its business throughout Poland and in Romania, Hungary, Croatia, Latvia, and Lithuania.
The Cobalt team was led by Partner Juozas Rimas, supported by Associate Mantas Juska.
The Tark Grunte Sutkiene team was led by Associate Partner Dalia Tamasauskaite-Ziliene, supported by Associates Giedrius Svidras and Indre Vickaite.