Pohla & Hallmagi, Merkants, and Proventus Law have advised the shareholders of Nortire OU on the sale of 100% shares of the company to Global Rubber Industries Ltd. TGS Baltic reportedly advised GRI on the acquisition.
Nortire is a distributor of industrial, construction, and agro tires and wheels, rubber and steel tracks, polyurethane wheels and castors, axles and stub axles for agro and forest trailers. In addition to its headquarters in Estonia, Nortire has two distribution facilities in Lithuania and one in Latvia. The transaction included the sale of the subsidiaries in Latvia and Lithuania.
Pohla & Hallmagi advised the company on Estonian law matters related to the sale, Merkants advised it on Latvian law, and Proventus Law advised it on Lithuanian law.
The Pohla & Hallmagi team was led by Partner Juri Ploom, assisted by Associates Risto Sidok, Teele Viilup and Madli Astok.
Editor's Note: After this article was published TGS Baltic confirmed its involvement in the deal and informed CEE Legal Matters that its team was led by Tallinn-based Partner Sander Karson, supported by Junior Counsel Mirko Kikkamagi and Associates Kart Raud and Indrek Kangur. The team in Latvia consisted of Partner Nauris Grigals and Associates Reinis Grunte and Kaspars Treilibs and the team in Lithuania included Partner Dalia Tamasauskaite-Ziliene and Associate Indre Vickaite-Liatuke.