We advised Salling Group, Denmark’s largest retail group, throughout its EUR 1.3 billion acquisition of the Rimi Baltic retail chain in Lithuania, Latvia, and Estonia. The acquisition was announced on 5 March 2025 and completed on 2 June 2025 after receiving the clearance from the European Commission and the FDI clearance in Lithuania.
This is the largest deal in the Baltics this decade and the biggest transaction in Salling Group’s history, dating back almost 120 years. Since 2007, Rimi Baltic has been owned by Sweden’s grocery retail company ICA Gruppen. Over the years, it has grown into a financially powerful business – last year, Rimi Baltic’s turnover reached EUR 1.9 billion.
Our services and team
Our pan-Baltic team in this transaction was led by partner Laimonas Skibarka and counsel Jonas Kiauleikis, as well as partners Jānis Līkops, Simonas Skukauskas, Daivis Švirinas and Piret Jesse. Sorainen team advised the client throughout the whole process in cooperation with Danish law firm Bech-Bruun. We performed the legal due diligence of the target companies in the Baltics, assisted with preparations for signing and completing the transaction, obtained the FDI clearance in Lithuania.
