WALLESS advised Šiaulių bankas in merger with Invalda INVL
It’s a match! The largest Lithuanian capital bank Šiaulių bankas has signed a deal to merge its retail business with Invalda INVL, the leading investment management and life insurance group in the Baltics. After closing, Šiaulių bankas will add pension and investment fund management to their service portfolio and will expand their life insurance service scope and geography. When the new deal closes, Invalda will obtain a 9.39% of the share capital in Šiaulių bankas.
“This was one of those rare public M&A transactions in our market, where we worked with plenty of compliance tasks in the process and are just starting work on a dozen of regulatory clearance steps post-signing. We love these challenges and are immensely thankful to our client Šiaulių bankas for their trust, as well as Invalda INVL for a highly professional negotiation”, – says Dovilė Burgienė, managing partner at WALLESS, who led WALLESS deal team involving associate partners Artūras Grimaila and Laurynas Narvydas, and senior associate Enrika Tamašauskaitė.
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