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TGS Baltic Advises Maxima Group on Internal Restructuring

TGS Baltic Advises Maxima Group on Internal Restructuring

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The Lithuanian office of TGS Baltic has advised the Maxima Group on the merger of its Maxima LT and (Netherlands-based) Lincoln Land Erste subsidiaries. 

According to TGS Baltic, as a result of the merger, “Maxima Group will hold 67% and Maxima LT will hold 33% of the shares in all retail companies of the group in Latvia and Estonia.” The firm reported that, “Maxima Group owns 100% of the shares in its retail companies in Poland and Bulgaria.”

The Maxima Group is a chain of retail companies operating more than 508 stores and employing 29,500 people in Lithuania, Latvia, Estonia, Poland, and Bulgaria.

TGS Baltic’s team consisted of Partners Agnius Pilipavicius and Dalia Tamasauskaite-Ziliene, Associate Partner Mantas Gofmanas, Senior Associate Indre Vickaite-Liatuke, and Legal Assistant Kotryna Visockyte.