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Pohla & Hallmagi Advises on GRI's Acquisition of Nortire

Pohla & Hallmagi Advises on GRI's Acquisition of Nortire

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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

Estonian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for 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 advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. 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 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

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