Sorainen assisted Vienna Insurance Group AG Wiener Versicherung Gruppe in obtaining Lithuanian Competition Council approval to acquire 100% of Seesam Insurance shares from Finnish financial services company OP Financial Group.
Estonian insurance company Seesam Insurance operates in all three Baltic Countries. Its offices in Lithuania, Latvia and Estonia employ 335 staff.
Vienna Insurance Group is the leading insurance specialist in Austria and Central and Eastern Europe. The group employs over 25,000 people and consists of 45 companies in 25 countries. Vienna Insurance Group controls several companies and subsidiaries in Lithuania.
Sorainen provided legal assistance in drafting a notice of concentration to the Competition Council and represented the client at the Competition Council during examination of the notification procedure.
The Sorainen team consisted of partner Daivis Švirinas and senior associate Edita Èerniauskaitė. Sorainen assisted the client in cooperation with international law firm Schoenherr.