Assisted in acquisition of financial brokerage firm

Our Corporate team coordinated transaction regarding acquisition of company holding financial brokerage firm licence issued by the Bank of Lithuania.

Our lawyers have represented the client in negotiations with the vendor of the target, drafted transaction documentation and supervised the implementation of conditions for completion of the acquisition. The transaction requires approval from supervisory authorities, including the Bank of Lithuania.

This acquisition will enable the client’s group of companies to develop their plans and activities in relation to execution of widely recognised STO. This STO is endorsed by the Bank of Lithuania and Ministry of Finance of the Republic of Lithuania and it involves activities which require brokerage firm licence. Acquisition can be considered as essential part of the client’s business plan.