TGS Baltic represented UAB Ecoservice in acquiring a controlling interest in UAB Marijampolės švara

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08 / 18

TGS Baltic represented UAB Ecoservice, a waste management company, in the transaction with UAB ALGA on the acquisition of a controlling interest in UAB Marijampolės švara. After the closing, UAB Ecoservice has acquired 66.31% of the shares in UAB Marijampolės švara. The remaining shares are held by the Marijampolė Municipality and a natural person.

In the acquisition of the controlling interest in Marijampolės švara, UAB Ecoservice was represented by TGS Baltic Partners Marius Matonis, Dalia Tamašauskaitė-Žilienė, Associate Partner Aurimas Pauliukevičius and Associate Indrė Vickaitė-Liatukė. The law firm conducted legal due diligence, prepared transaction documents, represented in the negotiations for obtaining a clearance from the Competition Council of the Republic of Lithuania and closing the transaction.

The implemented transaction will enable UAB Ecoservice to carry out its activities more efficiently and improve the quality of waste management in Marijampolė, Kalvarijos, Šakiai, Kazlų Rūda, Vilkaviškis.

UAB Ecoservice a leading waste management company in Lithuania, engaged in collection, carriage, treatment of different waste, urban cleaning and street maintenance. UAB Ecoservice is indirectly controlled by investment company BaltCap.

The following companies are part of the Ecoservice Group: UAB Ecoservice, UAB Ecoservice projektai, UAB Ecoservice Klaipėda, etc. At the end of 2017, the Group’s consolidated income amounted to EUR 30.9 million, and the consolidated net profit was EUR 3 million. In 2017 the Group had 603 employees.