COBALT advised European Refreshments on its acquisition of half of the shares in UAB Neptūno vandenys


2016 - 12 - 30

COBALT advised European Refreshments, a company operating in the Republic of Ireland, on its acquisition of half of the shares in UAB Neptūno vandenys from the soft drinks producer UAB Coca-Cola HBC Lietuva.

UAB Coca-Cola HBC Lietuva has owned shares in UAB Neptūno vandenys since the end of 2015. European Refreshments is a company belonging to one of the most renowned brands in the world – The Coca-Cola Company, with headquarters in Atlanta, USA.

The deal, valued at almost EUR 10 million, was subject to merger clearance from the EU Commission.

COBALT drafted the transaction documents, provided legal support in connection with the filing of the notification of a concentration with the EU Commission (together with Cleary Gottlieb) and assisted the client with other transaction-related matters. The team was lead by Managing Associate Maksimas Saveljevas. Managing Associate Ieva Sodeikatė and Associate Mantas Juška also significantly contributed to the project.