PwC Legal has advised Green Estonia on its acquisition of a majority stake in local furniture industry company Standard AS.
Green Estonia is a Tallinn-based private company.
According to PwC Legal, as a result of the transaction, Standard's production will continue at the Kose factory with a renewed concept, while the machine park will receive a significant addition. “The company focuses on the development of the office furniture business and, in this process, several cooperation opportunities are also seen with other domestic companies in order to fight for a stronger position in foreign markets.”
The PwC Legal team included Partners Karin Marosov and Indrek Ergma, Attorneys at Law Ingeri-Helena Kakko and Karen Root, and Lawyer Joonas Kartsep.
PwC Legal did not respond to our inquiry on the matter.