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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.

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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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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

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