Ellex Raidla has advised Auto-Bon Oy on the acquisition of Veho’s Estonian subsidiary, Veho Eesti AS. Veho was advised by TGS Baltic. Financial details were not disclosed, and the acquisition remains subject to approval by competition authorities.
According to Ellex Raidla, “through its dealership network, Auto-Bon Oy imports, markets and sells Citroen and Peugeot passenger cars and vans, spare parts, accessories, and related services to consumers in Finland. Auto-Bon Oy is a subsidiary of Bassadone Automotive Group.”
Established in 1939, Veho is a Finnish automotive company that also operates in Sweden and the Baltics.
The Ellex Raidla team included Partner Sven Papp, Counsel Jaanus Ikla, Senior Associates Gerda Ljik, Kaisa Laidvee, and Maritin Maesalu, and Associate Kevin Gerretz.
The TGS Baltic team included Partners Kadri Kallas and Sander Karson, Senuor Associate Triinu Jarviste, Junior Counsel Mirko Kikkamagi, and Associate Indrek Kangur.