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Raidla Ellex and Linklaw Advise on Aeroc International's Acquisition of VKG Plokk OU

Raidla Ellex and Linklaw Advise on Aeroc International's Acquisition of VKG Plokk OU

Estonia
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Raidla Ellex has advised Aeroc International AS with the acquisition of VKG Plokk OU from Viru Keemia Grupp AS. The sellers were advised by LINKLaw.

VKG Plokk produces aerated concrete blocks and sells its products in Estonia and exports abroad under the Roclite trademark. 

Ivar Sikk, a member of the management board of Aeroc International AS, said that the acquisition of the business is an important step in implementing the company’s strategy that will enable to increase competitiveness on the Baltic block market. “We will use the potential of the VKG Plokk factory to increase our production efficiency and extend production volumes, continuing the production and sales of aerated concrete products under the Roclite trademark. With this transaction, Aeroc International AS reinforces its position as the largest producer of aerated concrete blocks in northern Europe.”

The Raidla Ellex team was led by Partner Risto Vahimets, supported by Senior Associate Karl-Erich Trisberg and Lawyer Anna Trine Raudsepp.

The LINKLaw team advising Viru Keemia Grupp AS on the transaction was led by Partner Kairi Kurisoo, supported by Attorneys-at-law Liina Rekand and Maksim Kozlov. 

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COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. 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 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

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