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Tark Grunte Sutkiene and Spigulis & Kukainis Advise on Buy-Out of Latvian Sawmill from Latvian Timber Ltd.

Tark Grunte Sutkiene and Spigulis & Kukainis Advise on Buy-Out of Latvian Sawmill from Latvian Timber Ltd.


Tark Grunte Sutkiene has assisted a minority (20%) shareholder of SIA Vudlande with a buy-out of the remaining 80% of the company from Latvian Timber Ltd. (UK), giving the former minority shareholder 100% ownership as a result of the transaction. Spigulis & Kukainis advised Latvian Timber on the deal.

According to Tark Grunte Sutkiene, "SIA Vudlande (LV) is a woodworking company operating for more than 20 years, manufacturing, purchasing, exporting and trading with lumber and surfaced timber, providing lumber harvesting services and acquiring and logging forest lands and harvest sites." In 2015, the turnover of the company was EUR 13 million, and the company employed 74 employees. 

Tark Grunte Sutkiene team was led by Partners Ivars Grunte and Andra Rubene, supported by Associates Raivis Znotiņs, Rudolfs Vilsons, and Jekaterina Anohina.

The Spigulis & Kukainis team consisted of Partner Matiss Davis Kukainis, Liva Upite, and Anna Pauconka.

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