The Vilnius office of CEE Attorneys has advised a shareholder on the sale of his shares in OrtopedijosTechnika, a manufacturer of orthopedic products in the Baltic States, to Ortofina, another shareholder, which was advised by Magnusson.
The agreement to sell the shares was signed last year, and the deal was finalized on May 2018 after Lithuanian Competition Council approval. The transaction is valued around EUR 10 million.
According to CEE Attorneys, “OrtopedijosTechnika is one of the largest manufacturers of orthopedic products in the Baltic States.” The company is headquartered in Lithuania and exports its products to the Netherlands, the United Kingdom, Germany, Scandinavia, the United Arab Emirates, and other markets.
The CEE Attorneys team was led by Partner and Head of M&A Daina Senapediene.
The Magnusson team was led by Associate Kestutis Baranauskas.