Represented Icelandic bank in a large financing transaction

The Ellex in Lithuania Banking and finance practice represented the Icelandic bank Arion bank (Arion banki HF) during the financing of a share acquisition transaction – the acquisition of the Lithuanian sea freight logistics company Sea Connect by the Dutch transport and logistics company Samskip.

Through this acquisition, Samskip, one of the largest Dutch transport and logistics companies, extends its activity in the Baltics and strengthens its positions in the region. The Icelandic bank that financed the acquisition cooperated before the transaction with the Ellex Valiunas lawyers entrusting them with the review of the financing documents and its evaluation from the Lithuanian law perspective. The lawyers also worked on preparing and perfecting the share pledge agreement and issuing a legal opinion on the validity and enforceability of the financing transaction and the Lithuanian pledge agreement.

The project was implemented by partner Giedrius Stasevičius, senior associate Eglė Neverbickienė and junior associate Ainis Augustas Petrulis.