Motieka & Audzevicius has assisted AAA Capital with obtaining merger clearance from the Lithuanian Competition Council for its acquisition of Medicinos Bankas. TGS Baltic advised Medicinos Bankas and sellers Konstantinas Karosas and Western Petroleum Limited on the merger clearance process.
Medicinos Bankas is a Lithuanian-based bank with more than 40 branches in the country.
"When investing in businesses, our team’s strategy is always focused on sustainable, long-term business growth and the creation of appropriate returns for shareholders," AAA Capital Chairman Marius Jakulis Jason commented. "We will follow these principles when investing in Medicinos Bankas. We will present the business strategy in more detail after receiving the approval of the regulatory authorities."
The Motieka & Audzevicius team included Partner Giedrius Kolesnikovas and Associate Laurynas Ramonas.
The TGS Baltic team included Partner Robertas Degesys, Senior Associate Indre Vickaite Liatuke, and Associate Edvinas Einoris.