We advised the Danish company A. Espersen A/S, a leading global producer of fish products, and its Lithuanian subsidiary UAB Espersen Lietuva on the sale of the real estate and equipment forming a fish product plant located in the Klaipėda Free Economic Zone to UAB Atlas Premium Lietuva. As a part of the transaction, Espersen Lietuva also transferred the majority of its employees to the purchasing company.
In addition to standard M&A considerations, the deal involved complex real estate, security, employment law, and tax aspects. The transaction was signed in record time – just one week from the start of negotiations – and completed in less than three months from signing.
Our team and services
The Sorainen team in this transaction was led by partner Laimonas Skibarka and counsel Raminta Karlonaitė. Partner Algirdas Pekšys, counsels Jonas Kiauleikis and Gerda Skirbutienė, senior associates Julija Kirkilienė and Simona Stančiukaitė, as well as associates Airida Buzaitė, Dominykas Kulakas and Rytė Rečiūnaitė also assisted the client on various aspects of the deal. Sorainen worked in close cooperation with the Danish law firm Horten.
