We advised Heidelberg Materials Lietuva Betonas on two strategic transactions with the ESSPO group, aimed at separating their activities in the mobile and stationary concrete plant segments.
First, Heidelberg Materials Lietuva Betonas sold its 45% shareholding in Heidelberg Mobile to the ESSPO group, thereby exiting the joint venture between the parties.
Second, Heidelberg Materials Lietuva Betonas acquired two mobile concrete plants located in Panevėžys and Šiauliai from Heidelberg Mobile.
Following these transactions, Heidelberg Mobile will continue its operations under the new name C3 Betonas.
After completing the transactions, Heidelberg Materials Lietuva Betonas will focus on expanding its stationary concrete plant operations across Lithuania, including in Alytus, Vilnius, Kaunas, and Klaipėda, with particular attention to its newest facilities in Northern Lithuania – Panevėžys and Šiauliai.
These two transactions mark a strategic step allowing both parties to strengthen their competencies and improve operational efficiency within their respective market segments in the Baltics.
Our team and services
We advised Heidelberg Materials Lietuva Betonas on all legal and tax aspects of both transactions, including structuring, drafting, and negotiating the transaction documents, such as the share purchase agreement, the agreement on the acquisition of mobile plants, and related contracts.
The team was led by partner Laimonas Skibarka, with key contributions from counsel Raminta Karlonaitė-Durnan, senior associate Simonas Šlitas, associates Nojus Jašmontas, Morta Šablevičiūtė, and other team members.
