Magnusson has advised Ortofina on its acquisition of the shares of a majority shareholder in Ortopedijos Technika, an orthopedic products manufacturer in the Baltic States. The Vilnius office of CEE Attorneys advised the selling shareholder.
The agreement to sell shares to Ortofina, company’s second major shareholder, was signed last year, and the deal was finalized in May 2018 after Lithuanian Competition Council approval. The transaction is valued around EUR 10 million.
Ortopedijos Technika is a manufacturer of orthopedic products in the Baltic States headquartered in Lithuania. The company exports its products to Netherlands, United Kingdom, Germany, Scandinavian countries, United Arab Emirates, and other markets.
The Magnusson team included Associates Kestutis Baranauskas and Lukas Stankevicius.
The CEE Attorneys team was led by Managing Partner Daina Senapediene.