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Glimstedt Advises AB Klaipedos Nafta on Sale of Shareholding in UAB Litgas

Glimstedt Advises AB Klaipedos Nafta on Sale of Shareholding in UAB Litgas

Lithuania
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Glimstedt has advised AB Klaipedos Nafta on the sale of 33.33 % of its shareholding in UAB Litgas to UAB Lietuvos Energija. 

According to a Glimstedt statement, the firm "provided full legal support to the client on various transaction related matters, including the shareholders’ agreement interpretation, the right of first refusal implementation, calculation and payment of the share price, competition, and other aspects."

The Glimstedt team included Partner Paulius Gruodis and Senior Associate Audrius Zvybas, supported by Associate Partner Andrius Ivanauskas and Associate Jonas Salna on competition matters.

Image Source: oil.lt