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We assisted Bitė Group, controlled by international asset management company Providence Equity Partners, as Lithuanian, Latvian and Estonian law counsel in a refinancing transaction. Total disclosed value of the transaction is EUR 700 million. Largest bond issue by a private Baltic company to date The transaction covers two parts: A bond issue by PLT VII […]
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We advised telecommunications company Bitė on signing an agreement with the Lithuanian Radio and Television Centre (Telecentras) on the acquisition of Telecentras‘ internet, data transmission and IPTV business under the Mezon brand. The transaction, valued over EUR 20 million, has to be approved by the Competition Council and regulatory authorities. Mezon internet used by 97,000 […]
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Organising shareholder meetings remotely Under the Law on Companies, a limited liability company may allow shareholders to attend the general meeting of shareholders and to vote by means of electronic communications. Although no official changes in legislation have yet been implemented in this field, on 7 April 2020 the Ministry of Economy and Innovation published […]
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Mobile communications operator Bite Latvija has signed a purchase contract to acquire telecommunications company Baltcom for an undisclosed price. Until permission is received, both companies will continue operating independently. A step closer to the company’s long-term development aims Says manager Kaspars Buls of Bite Latvija: “I am satisfied with the agreement reached; this is a […]
