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Cobalt Advises PVA European Refreshments on Acquisition of Half the Shares in UAB Neptuno Vandenys from UAB Coca-Cola HBC Lietuva

Cobalt Advises PVA European Refreshments on Acquisition of Half the Shares in UAB Neptuno Vandenys from UAB Coca-Cola HBC Lietuva

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Cobalt Lithuania has advised PVA European Refreshments, a company operating in the Republic of Ireland, on its acquisition of half of the shares in UAB Neptuno Vandenys from the soft drinks producer UAB Coca-Cola HBC Lietuva. The deal, valued at almost EUR 10 million, was subject to merger clearance from the EU Commission.

UAB Coca-Cola HBC Lietuva has owned shares in UAB Neptuno Vandenys since the end of 2015. 

Cobalt drafted the transaction documents, provided legal support in connection with the filing of the notification of a concentration with the EU Commission (together with Cleary Gottlieb), and assisted the client with other transaction-related matters. The Vilnius-based team was lead by Managing Associate Maksimas Saveljevas, with significant contributions by Managing Associate Ieva Sodeikate and Associate Mantas Juska.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 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 gives 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 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards 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.