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Aspora acquires a controlling stake in Lithuanian electronic money institution UAB Hokodo
We advised Vance Inc., operating under trading name Aspora, a US-based fintech company, on its acquisition of a controlling stake in UAB Hokodo, a Lithuanian electronic money institution. The Bank of Lithuania approved the acquisition of a shareholding exceeding 50% of the share capital and voting rights in UAB Hokodo, enabling Aspora to acquire control […]
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Shareholder Buy-Out in Brasta Group
Brasta Group has finalized a share purchase transaction, resulting in one of its two individual shareholders acquiring the remaining 50% of shares from the other shareholder. As a result, the acquiring shareholder now holds 100% of the shares, becoming the sole owner of Brasta Group. This transaction marks a significant milestone for the group and […]
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The largest Polish bank is opening a representative office in Lithuania
We provided advisory services to the largest Polish bank, PKO Bank Polski (PKO PB), in establishing a representative office in Lithuania. According to Marek Radzikowski, the bank’s vice-president responsible for operations and international banking, PKO PB’s strategy involves opening eight new foreign units by 2027: four branches and four representative offices. In choosing Lithuania, the […]
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Nuvei Liquidity, part of Nuvei group, granted MiCAR and payment institution licences in Lithuania
The Nuvei Group company Nuvei Liquidity, part of the global leader in payment solutions, has been granted two strategic financial market licences in Lithuania – a crypto-asset service provider licence under the EU Markets in Crypto-Assets Regulation (MiCAR) and a payment institution licence for services related to electronic money tokens (EMTs). This marks one of […]
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Strategic divestiture of fuelling and mobility services across eight countries
We advised a US-based industrial manufacturing company, Vontier, on the divestiture to TSG of the service operations of its portfolio company, Gilbarco Veeder-Root, across eight countries. The divestiture includes service operations in the UK, Finland, Denmark, Norway, Estonia, Sweden, Latvia and Lithuania. Bringing together the strengths of both companies By combining Gilbarco Veeder-Root’s trusted customer […]