Sorainen Lithuania has advised the shareholders of the Adnet Media online advertising network in the Baltic States, on their entrance into a share sale-purchase agreement with Ekspress Grupp.
According to Sorainen, "under the agreement Ekspress Grupp agreed to buy out the remaining 51% of the shares in Adnet media. After the closing (which is subject to merger clearance) Ekspress Grupp will become the sole shareholder in Adnet media."
The Sorainen team consisted of Partner Algirdas Peksys and Counsel Liudas Ramanauskas.
Sorainen did not identify counsel for the buyers.