Tark Grunte Sutkiene has represented AB City Service, a shareholder of Ecoservice, in a sale of its shares in the company.
Ecoservice is the biggest waste management company in Lithuania, engaged in the collection, transportation and processing of secondary raw materials and household waste. It was acquired by the Baltcap private equity and venture capital fund through UAB AWT Holding. AB City Service has reinvested part of the funds and retains 25% of shares in UAB AWT Holding.
AB City Service is a holding company which manages one of the largest corporate groups engaged in facility management and integrated utility services in Europe. The shares of City Service AB have been quoted on the Official List of NASDAQ OMX Vilnius Stock Exchange since 2007.
The Ecoservice deal was one of the biggest transactions in the utilities sector in recent years and is the first private equity fund investment in the sector in the Baltics.