Sorainen Lithuania has advised Finnish energy company Gasum on the sale of its shares in GET Baltic to Amber Grid, a Lithuanian gas transmission system operator. The transaction closed at the end of 2016.
Gasum is a natural gas, LNG, and biogas expert that operates and delivers gas to customers in Finland, Sweden, and Norway. Sorainen assisted the company on negotiations between the parties, drafting the share purchase agreement (and other agreements), consulting on assessment of GET Baltic value, and closing of the deal, among other things.
The Sorainen team was led by Partner Daivis Svirinas and included Specialist Counsel Paulius Koverovas, Senior Associate Evaldas Dudonis, and Associate Stasys Zelenekas.