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TGS Baltic and Walless Advise on Sale of Online Retail Platform LastMile to Iki

TGS Baltic and Walless Advise on Sale of Online Retail Platform LastMile to Iki

Lithuania
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TGS Baltic has advised Greituolis on the sale of 67% of the shares of its online grocery retail platform LastMile to Iki. Walless advised the buyer on the deal.

Financial details of the transaction, which is contingent on regulatory approval, were not disclosed.

Iki, operated by Palink, is a Lithuanian supermarket chain.

According to TGS Baltic, through the acquisition, LastMile will become a part of the Germany-based REWE Group and will be able to expand across Europe.

TGS Baltic’s team in Lithuania consisted of Partners Dalia Tamasauskaite-Ziliene and Vidmantas Drizga and Associate Julija Skardziute.

The Walles team included Managing Partner Dovile Burgiene, Associate Partners Alina Makovska and Darius Miniotas, Senior Associate Guoda Sileikyte, and Junior Associate Migle Jeremiciute.

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