Sorainen advised Blue Ocean Invest on the sale of 100% shares in Interneto partneris – the largest online flight ticket seller in the Baltic States. The new platform owner, Otravo Group, is a market leader in (online) air travel sales in Benelux and Scandinavia.
Interneto partneris operates online platforms “greitai.lt” in Lithuania, “flysiesta.lv” in Latvia, “bookinghouse.ee” in Estonia, “flysiesta.pl” in Poland, “flysiesta.ru” in Russia, “viagid.com.ua” in Ukraine and “Flysiesta.com” in other countries.
Comments Alvydas Vitkauskas, general manager at Interneto partneris: “We are excited to become a part of Otravo. The know-how and synergy of both companies will enable us to take our business in Europe to the next level. It will allow us to increase market share in the countries we are focusing on the most – Lithuania, Latvia, Estonia and other European countries. I am sure that we will become more competitive and will be able to offer our customers even better airplane ticket prices.”
Sorainen consulted the seller in negotiating and structuring the transaction as well as preparing related documents. The client was advised by counsel Mantas Petkevičius and senior associate Karina Andriukaitienė.