Sale of assets related to storage and maintenance of lignin

Motieka & Audzevičius has assisted AB Linas Agro on the transfer of lignin deposit and related facilities owned by its subsidiary UAB Fossio to UAB Alternatyvus biokuras. The work of the firm included drafting of complex transaction documents, assistance during negotiations and advice on other transaction related matters. The transaction allowed AB Linas Agro to release its portfolio from the business unrelated to the main activity of the company and concentrate on more profitable areas of its expertise. The parent company AB Linas Agro Group consolidates 36 companies in Lithuania, Latvia, Estonia, and Denmark. The companies are engaged in agricultural commodities trading, agricultural supplies, farming and processing of agricultural products, also food production.

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