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The TGS Baltic team represented Fonterra, a global dairy company from New Zealand, in acquiring 10% of shares in Rokiškio sūris for EUR 7.1 million and becoming a strategic investor.
In this process, TGS Baltic led by Marius Matonis, Partner, Dalia Tamašauskaitė-Žilienė, Associate Partner, and Giedrius Svidras, Associate, was strategic legal advisers to Fonterra on all legal issues related to the transaction. TGS Baltic advised on the transaction structure, drafted transaction documents, represented in the negotiations and assisted on all other matters regarding the transaction.
Fonterra is one of the largest dairy companies and dairy product exporters in the world. The company unites over 10,000 dairy farms and cooperatives. In recent years the dairy giant has been actively investing abroad. In the last financial year, the turnover of Fonterra that has an 85% stake in the New Zealand dairy production and processing market totalled EUR 10.5 billion. The company processes around 22 million tonnes of milk and exports even 95% of its production annually.
The group of AB Rokiškio sūris exports its products to 37 states worldwide. In the first half of this year, its exports accounted for 66% of the group’s sales. Rokiškio sūris has been cooperating with Fonterra for more than five years, launching the latest dairy product production technologies in Lithuania.
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