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31

08
2016

FORT advised Hansabuss Group in its acquisition of Tukuma Auto SIA in Latvia

On 31, 08 2016 | No Comments | In Uncategorized | By Birgit Viilukas

Hansabuss announced on Friday, 26 August 2016, that it is acquiring a majority shareholding in Tukuma Auto SIA – a Latvian provider of bus transport services – thereby increasing its share in the Latvian market for public bus transport and charter transport (the market segment which is open to competition) to around 10%.

Mr Neeme Tammis, a management board member at Hansabuss AS, says that this is a strategic decision which is made in anticipation of the opening of the Latvian public bus transport markets in 2020 and it allows the group to get to know the Latvian market and develop local competence.

FORT advised Hansabuss in all phases of the transaction, including in conducting due diligence as well as drafting and negotiating all sales documents.

FORT-s team was led by Jānis Līkops in Latvia and Kuldar-Jaan Torokoff in Estonia and included also FORT’s Latvian experts Roberts Prūsis and Ieva Balcere.

The Deal in The News – http://www.baltic-course.com/eng/good_for_business/?doc=123668.