Glimstedt and Cobalt have advised Resolution Holdings on its acquisition of real estate brokerage company UAB Luminor Bustas from Luminor bank and on its investment in UAB Trecia Diena. The deal value was not disclosed.
Cobalt has advised Lithuania’s second largest television and Internet services provider, UAB Cgates, on its acquisition of telecommunications company Splius. CEE Attorneys advised the shareholders of Splius on the transaction, which remains subject to the approval of the Lithuanian Competition Council. The transaction value was not disclosed.
Cobalt, working with Linklaters in Poland, Homburger in Switzerland, and Arendt & Medernach in Luxembourg, is representing SEB Bank in allocating EUR 80 million financing for the development of Lithuania's joint-stock stevedoring company Klaipedos Smelte. Allen & Overy is reportedly advising Klaipedos Smelte.