June 6, 2018

CEE Attorneys Advise on Sale of Ortopedijos Technika

CEE Attorneys Vilnius office has advised a major shareholder on the sale of his shares of Ortopedijos Technika, one of the largest manufacturers of orthopaedic products in the Baltic States.

The agreement to sell shares to Ortofina, company’s second major shareholder, was signed last year, and the deal was finalized on May 2018 after Lithuanian Competition Council approval. The transaction is valued around EUR 10 million.

CEE Attorneys head of M&A Daina Senapėdienė represented the seller in negotiations, provided legal support in structuring, closing the deal and preparing all needed documents.

Ortopedijos Technika is one of the largest manufacturers of orthopaedic products in the Baltic States. Company has headquarters in Lithuania and exports its products to Netherlands, United Kingdom, Germany, Scandinavian countries, United Arab Emirates and other markets.

CEE Attorneys is an international law firm with almost 100 professionals in 11 offices across Central and Eastern Europe, currently represented in the Czech Republic, Poland, Slovakia, Lithuania, Latvia, Romania, Ukraine and Hungary. For the last few years, CEE Attorneys have been recognised by The Legal 500 EMEA as a top-tier legal practice in several areas: commercial; corporate and M&A; real estate and construction; dispute resolution and TMT.