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Eversheds Saladzius and Tark Grunte Sutkiene Advise on Fortum/Lietuvos Energija Joint Venture

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Eversheds Saladzius and Tark Grunte Sukiene have advised Fortum and Lietuvos Energija, respectively, on a substantial joint venture project between the two for co-generation power plant development.

Eversheds Saladzius reported that it advised Fortum "on the shareholders agreement, corporate structuring, [and] other significant corporate and commercial matters.” The firm described the deal as "the most important strategic project in the energy sector in Lithuania in 2015-2016, involving development of combustion (incineration plants) producing heating and electricity (investments over EUR 100 million).”

The Tark Grunte Sutkiene team consisted of Partner Vilius Bernatonis and Associate Partner Dalia Tamasauskaite-Ziliene.