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Sorainen Advises Amber Grid on EPSO-G Shareholding increase

Lithuania
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Sorainen has advised Lithuanian natural gas transmission system operator Amber Grid on state-owned holding company EPSO-G's mandatory takeover offer.

EPSO-G acquired the remaining 43.38% shares in Amber Grid at an offer price of EUR 0.762 per share, valuing the transaction at EUR 58.97 million. Through the takeover offer EPSO-G acquired in total 39.96% of Amber Grid shares (including 37.1% of shares from OAO Gazprom) for a total value of EUR 54.32 million. 

The Sorainen team was led by Partner Algirdas Peksys and Senior Associates Liudas Ramanauskas and Sergej Butov.

The has previously advised Amber Grid on the acquisition of 38.9% of the shares of EPSO-G from E.ON Ruhrgas International for the price of EUR 49.76 million (reported on by CEE Legal Matters on May 23, 2014).