Advised Žabolis Partners on sale of controlling stake in transport company TOKS

We represented Žabolis Partners in the sale of a 51% stake in TOKS | Tolimojo keleivinio transporto kompanija, a major passenger transport company.

The buyer, Egged Group – an Israeli public transport company – aims to build one of the most advanced and robust public transport operators in Europe.

TOKS CEO Valentinas Belousovas noted that the transaction with Egged is significant for the entire region, “demonstrating confidence in the prospects of Lithuania and the Baltic States.” According to him, Egged’s investment will accelerate the company’s ambitious projects – to make TOKS the largest public transport operator in the Baltics and to expand consistently into the Nordic region.

Our Corporate team advised the client throughout all stages of the deal – from negotiating the letter of intent to signing the transaction documents, conducting due diligence, and addressing various issues arising during negotiations.

The transaction highlights our ability to perform in intensive negotiations and provide creative solutions.

The deal will be completed upon receiving clearance from the Competition Council.