Sale of a company engaged in the lignin biofuel production business

Motieka & Audzevičius has advised Linas Agro on the sale of its subsidiary engaged in the lignin biofuel production business to ECT Trading, who intend to develop the adaptability of lignin in different economic areas. The team advised on all stages of the sale, participated in the negotiation process and also drafted the SPA and other related transaction documentation, including the settlement security arrangements.

This transaction consolidated the firm’s track record with one more successful deal. It once again demonstrated Motieka & Audzevičius’ strength and ability to serve the client in the area of energy and natural resources, providing the highest standard legal services and saving the client time and money by efficiently and promptly coordinating the project tasks within the team.

The parent company Linas Agro Group is made up of 37 companies in Lithuania, Latvia, Estonia and Denmark. The companies are engaged in agricultural commodities trading, agricultural supplies, farming and the processing of agricultural products, along with food production.