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Cobalt Advises PVA European Refreshments on Acquisition of Half the Shares in UAB Neptuno Vandenys from UAB Coca-Cola HBC Lietuva

Cobalt Advises PVA European Refreshments on Acquisition of Half the Shares in UAB Neptuno Vandenys from UAB Coca-Cola HBC Lietuva


Cobalt Lithuania has advised PVA European Refreshments, a company operating in the Republic of Ireland, on its acquisition of half of the shares in UAB Neptuno Vandenys from the soft drinks producer UAB Coca-Cola HBC Lietuva. The deal, valued at almost EUR 10 million, was subject to merger clearance from the EU Commission.

UAB Coca-Cola HBC Lietuva has owned shares in UAB Neptuno Vandenys since the end of 2015. 

Cobalt drafted the transaction documents, provided legal support in connection with the filing of the notification of a concentration with the EU Commission (together with Cleary Gottlieb), and assisted the client with other transaction-related matters. The Vilnius-based team was lead by Managing Associate Maksimas Saveljevas, with significant contributions by Managing Associate Ieva Sodeikate and Associate Mantas Juska.

Lithuanian Knowledge Partner

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

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

All News about Cobalt can be found here.


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