TGS Baltic has advised the shareholders of Neptuno Vandenys, one of Lithuania’s largest mineral water producers, on sale of 100% of shares to Coca Cola. We have handled all legal aspects of the transaction and carried out negotiations with the international M&A team of Coca Cola, which applied highest quality standards for this transaction.
The transaction is considered as one of the most successful exits from green field developments in Lithuanian M&A history. Neptunas occupies more than 20% market share in Lithuanian mineral water market with annual turnover of 5,3 million EUR in 2014. Coca-Cola is No.1 beverages company in the world with global annual turnover of $44,294 million in 2015 and recognized as the world’s most valuable brand.
TGS Baltic team was led by Partner Marius Matonis and Junior Associate Andrius Voska.
