Sorainen and Schoenherr have helped the Vienna Insurance Group obtain Lithuanian Competition Council approval for its acquisition of 100% of Seesam Insurance shares from Finnish financial services company OP Financial Group. Ellex Valiunas advised the OP Financial Group on the underlying sale.
Attempts to discover the identity of counsel for the buyers on the sale were not successful.
Seesam Insurance has been operating in Lithuania, Latvia, and Estonia formore than 20 years. Vienna Insurance Group is an insurance specialist in Austria and Central and Eastern Europe. The company controls several companies and subsidiaries in Lithuania.
The Sorainen team consisted of Partner Daivis Svirinas and Senior Associate Edita Cerniauskaite. The Schoenherr team was led by Brussels-based Partner Volker Weiss and Attorney at Law Evelin Hlina.
The Ellex Valiunas team consisted of Partners Dovile Burgiene and Marius Juonys and Senior Associates Ilona Janciauskaite and Povilas Junevicius.