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Sorainen and DLA Piper Advise on Storskogen’s Acquisition of Majority of Shares in Scandia Steel

Sorainen and DLA Piper Advise on Storskogen’s Acquisition of Majority of Shares in Scandia Steel

Lithuania
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Sorainen, working with lead counsel DLA Piper Sweden, has advised Storskogen on its acquisition of a majority stake in Scandia Steel.

Financial details of the transaction were not disclosed.

Scandia Steel is a supplier of steel pipe piles in foundation and foundation reinforcements. The company employs around 94 people and has reported a turnover of nearly EUR 40 million.

Sorainen’s Lithuanian team included Partners Algirdas Peksys and Asta Augutyte-Rapkeviciene, Counsels Evaldas Dudonis and Monika Malisauskaite-Vaupsiene, Senior Associate Indre Peledaite, Associates Juliana Pavilovska and Lukas Vaisvila, and Legal Assistant Lukrecija Urneviciute.

The firm did not reply to our request for more information.