Glimstedt has announced that its Lithuanian office has advised E.ON Ruhrgas on what it described as "a major energy deal" that closed on May 21, 2014.
Glimstedt reports that it advised E.On Ruhrgas International on its sale of 38.9% of shares in Amber Grid, 38.9% of shares in Lietuvos dujos, and 11.76% of shares in LESTO, to Lithuanian state-controlled companies EPSO-G and Lietuvos energija. The value of the transaction was not disclosed.
Glimstedt contributed to the structuring of the deal, drafted legal documents, represented E.ON Ruhrgas International in negotiations, and rendered considerable assistance in the performance of the legal due diligence. The team was led by Glimstedt Partner Paulius Gruodis.
The firm reports that it has been advising E.ON Ruhrgas International for 12 years, since E.ON first became a shareholder of Lietuvos dujos.