TGS Baltic has advised the Auga Group and its main shareholder on delisting the company's shares from the regulated market of the Warsaw Stock Exchange and the related mandatory tender offer. Reportedly, Deloitte Legal advised the Auga Group as well.
According to TGS Baltic, the Auga Group is “one of Europe's largest from-field-to-shelf organic food companies. The group cultivates some 38,000 hectares of organically certified farmland, carrying out a sustainable model of agriculture which is based on new technologies and includes crop, livestock, poultry, and mushroom farming.”
In 2019, TGS Baltic advised the Auga Group on a bond program worth up to EUR 60 million and a EUR 20 million issuance of green bonds in Lithuania (as reported by CEE Legal Matters on December 31, 2019). In 2018, the firm also advised Auga on a secondary public offering of shares (as reported by CEE Legal Matters on August 31, 2018).
TGS Baltic’s team included Partner Vidmantas Drizga, Associate Partner Mantas Gofmanas, and Associate Elvinas Kizys.