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Cobalt and Motieka and Audzevicius Advise on Asgaard Oriens' Investment in Leafood Vertical Farm

Cobalt and Motieka and Audzevicius Advise on Asgaard Oriens' Investment in Leafood Vertical Farm

Lithuania
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Cobalt has advised Asgaard Oriens on its investment in a vertical farm in Lithuania co-developed by the Leafood Group. Motieka and Audzevicius advised the Leafood Group.

According to Cobalt, the planned investment will reach EUR 6.45 million. “The Lithuanian company Leafood Group together with Taiwanese partners YesHealth Group will build a four thousand square meter vertical farm in Vilnius. Leafood will make it possible to grow healthy raw products closer to the main consumers. The national development institution Investment and Business Guarantees also contributed to the financing of the vertical farm by providing a EUR 3 million loan under its instrument Startuok.”

Cobalt’s team included Partner Elijus Burgis and Managing Associate Deimante Pagiriene.

Motieka and Audzevicius' team included Partner Rokas Jankus and Senior Associate Aivaras Grigas.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.