Sorainen Lithuania and Belarus in cooperation with Clifford Chance advised Bayer HealthCare Pharmaceuticals, a leading global marketer of over-the-counter (OTC) medications and nutritional supplements, in its acquisition of Sagmel Inc, a US pharmaceutical company involved in developing, manufacturing and marketing of OTC drugs and nutritional supplements in the Baltics and Belarus. Bayer HealthCare has also acquired Sagmel in Russia, the Ukraine, Kazakhstan and several Caucasian and Central Asian countries. The Sagmel portfolio delivered net sales of approx EUR 80 million in 2007. The advice also involved establishing a subsidiary and accrediting a second representative office in Belarus. The client was advised by partner Maksim Salahub and associate Tatsiana Klimovich from Sorainen Belarus and partner Laimonas Skibarka and senior associate Liudas Ramanauskas from Sorainen Lithuania.
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