COBALT advises Coca-Cola HBC on its acquisition of Neptūnas


2015 - 12 - 28

In December 2015 Coca-Cola HBC announced acquiring one of the major mineral water producers in Lithuania UAB Neptūno vandenys. The deal is still subject to approval of Lithuanian Competition Council. Closing is expected in 2016. The acquisition will allow further development of the mineral water brand “Neptūnas” and encourage future investments into the company.

Currently, Coca-Cola manages the factory in Lithuania producing soft drinks for the Baltic market.

UAB Neptūno vandenys is a producer of bottled natural mineral water “Neptūnas” established in Lithuania in 1999. Last year the sales revenue of the company reached M5,3 EUR which marks a 25,7 per cent growth if compared to 2014.

COBALT conducted an in-depth legal due diligence, drafted and negotiated share acquisition and other transaction documents with other parties, represented the client in negotiations, advised on structuring of the transaction, provided other legal support to the client on all related matters. The team is led by Maksimas Saveljevas, Managing Associate at COBALT.