Legal advisor on the transaction of the year 2015

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The Lithuania's largest integrated telecommunications, IT and TV services provider Teo listed on NASDAQ OMX market, announced the acquisition of the country's second largest mobile operator by revenue – Omnitel owned by the Swedish TeliaSonera group. The published deal value is 220 million EUR. Professionals of Dominas & Partners were selected as legal advisors to Teo in this transaction, which is already said to become the largest in Lithuania this year.
 
The transaction is noted also for its complexity – it included cross-border elements, the need to take into account minority shareholder interests and the rules applicable to public NASDAQ-listed company, as well as transaction financing aspects - Teo will use external financing for the acquisition (148 million EUR).
 
Dominas & Partners services included buy-side work - the work on legal due diligence and identification of possible legal risks, deal structuring, negotiations, work on the SPA draft and other.
 
The team is led by partner Gediminas Dominas and associate Karolis Racevičius.

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