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AB Linas Agro Group implements IPO of its shares


AB Linas Agro Group, one of the largest agricultural business groups in the Baltic countries, has successfully implemented the initial public offering (IPO) of its shares. More than 47 million shares in AB Linas Agro Group have been allocated to both institutional and retail investors. During the initial public offering in total 97 million litas (approx. 28 million Euros) were raised. AB Linas Agro Group is the first issuer to enter the Main List of NASDAQ OMX Vilnius during the last two years.

COBALT Latvian office carried out issuer's due diligence in respect of Latvian subsidiary of AB Linas Agro Group, as well as advised on relevant Latvian law issues. COBALT Lithuanian office was responsible for the due diligence of the group, preparation of the prospectus, coordination of the transaction with competent authorities and other extensive legal advice to the issuer and its shareholders.