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Cobalt Helps Linas Agro Group Obtain Clearance in Latvia for Acquisition of Kauno Grudai Group

Cobalt Helps Linas Agro Group Obtain Clearance in Latvia for Acquisition of Kauno Grudai Group

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Cobalt has helped AB Linas Agro Group with its application for approval by the Competition Council of Latvia for its acquisition of the Kauno Grudai group. 

Linas Agro Group controls several full-cycle production and distribution companies operating in the field of chicken meat production. It owns the Latvian poultry farming and chicken meat production brand Kekava.

Kauno Grudai group operates in similar fields in Lithuania and Latvia. It is the largest chicken meat producer in Lithuania and is present in several other agricultural markets.

According to Cobalt, the merger of both groups will “increase their competitiveness and productivity, improve distribution and procurement, enable the introduction of more modern and efficient technologies, facilitate access to external funding, and will put them on a path to expansion outside the Baltic region.”

Cobalt’s team included Partner Ugis Zeltins and Senior Associate Ivo Maskalans.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 240 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2020, 2019, and 2018 client satisfaction surveys. In 2021 we were recognized as a highly recommended law firm in the Baltics at The Lawyer European Awards 2021 ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. More information on COBALT can be found at www.cobalt.legal.