SORAINEN is assisting Rexel in selling its activities in the Baltics. With this divestment, along with simultaneous divestment of operations in Poland and Slovakia, announced on 20 January 2016, Rexel is continuing its disposal programme. Completion of the transaction remains subject to approval by the competition authorities.
SORAINEN assisted in the Baltic tax structuring of the transaction as well as with transaction documents and merger control advice. The SORAINEN cross-office team, led by partner Toomas Prangli, consisted of specialist counsel Kadri Kallas and associate Kai Vainola on the transactional side, with assistance from partner Kaupo Lepasepp and senior associate Piibe Lehtsaar on competition matters, and partner Janis Taukacs, senior associates Saule Dagilytė, Paul Künnap and Aija Lasmane on tax structuring.