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Cobalt Advises on Sale of Apotheca Pharmacy Chain

Cobalt Advises on Sale of Apotheca Pharmacy Chain

Lithuania
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Cobalt has advised the shareholders of the Lithuanian Apotheca Vaistine pharmacy chain on its sale to Magnum. Eversheds Sutherland reportedly advised the buyer.

The transaction remains contingent on the Competition Council’s regulatory approval.

Apotheca Pharmacy network includes 48 pharmacies operating in Lithuania.

Magnum is a pharmaceutical wholesale and retail group that owns 17 companies in Estonia, Latvia, Lithuania, Finland, and Belarus, with a total turnover of more than EUR 500 million in 2020. Magnum has operated 13 pharmacies in Vilnius, Panevezys, Kaunas, Klaipeda, and other cities in Lithuania.

The Cobalt team was led by Partner Juozas Rimas and Associate Kostas Grigaitis.

Eversheds Sutherland at a Glance

Eversheds Sutherland with offices in Bratislava and Prague and as part of an international network, provides comprehensive legal advice also in foreign jurisdictions.

Our team consists of a total of more than 40 lawyers in the Czech Republic and Slovakia, most of whom have previously worked at major international and local law firms and have extensive experience in particular in the areas of corporate law, including mergers and acquisitions, capital markets, real estate, employment law, competition law, litigation and arbitration, energy, infrastructure, as well as environmental and ESG law.

Our advisory services are offered in Slovak, German, Czech and English language. Members of our team include attorneys registered with the Austrian Bar Association. On this basis, and because we are part of Eversheds Sutherland, we are also able to offer extensive legal support on various foreign legal issues.

We listen to our clients, we understand their business and we also understand what they need. So we can always find the best solution for the particular situation. We work quickly, efficiently and take responsibility for our work.

Firm's website.