Egged drives strategic growth in the Baltics

Ellex in Lithuania provided legal support to Egged Transportation Company Ltd, one of the largest public transport operators in Israel and Europe, in the acquisition of a 51% stake in the Lithuanian public transport company TOKS | Tolimojo Keleivinio Transporto Kompanija. The transaction, valued at EUR 33 million, marks Egged Transportation Compan Ltd strategic entry into the Lithuanian market and further expansion of its operations across Europe.

Egged Transportation Company Ltd, controlled by the Keystone Infrastructure Investment Fund, already operates through its subsidiaries EBS Public Transportation BV in the Netherlands and Mobilis sp. z o.o. in Poland. With this acquisition, the company strengthens its presence in the European public transport sector and continues implementing its long-term strategy aimed at sustainable growth and innovation in mobility.

The transaction was carried out in partnership with Zabolis Partners, one of the largest Lithuanian investment funds with a focus on real estate, infrastructure, and technology. Together, Egged Transportation Company Ltd and Zabolis Partners plan to develop TOKS | Tolimojo Keleivinio Transporto Kompanija into the leading public transport company in the Baltic region.

Ellex’s in Lithuania legal team advised Egged Transportation Company Ltd on all aspects of the transaction, including due diligence, transaction structuring, and regulatory matters.

The Ellex team included Rūta Armonė, Aušra Abraitytė-Gedminė, Arvydas Grušeckas, Marius Juonys, Giedrius Svidras, Kamilė Skrupskytė, Nerijus Patlabys, Lorena Nomeikaite, Martynas Šeškus, Vilius Norvaišas, Elvika Leščinskaitė, Patricija Mažeikaitė, Atėnė Šilytė and Liepa Žukauskaitė.