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TARK GRUNTE SUTKIENE Tallinn office advised Norwegian MollerGruppen in acquisition of local Volkswagen dealer Saksa Auto Group

TARK GRUNTE SUTKIENE Tallinn office advised Norwegian MollerGruppen, the largest Norwegian car dealership, in acquisition of Estonian car dealership Saksa Auto. The acquisition between Eesti Talleks AS and Møller Auto Baltic AS was closed in the beginning of May, following the approval of transaction by Estonian Competition Board. Saksa Auto AS is the local Volkswagen dealer, the turnover of Saksa Auto Group in 2010 was EUR 32 million and the group employs 200 people The team, led by senior associate Kuldar-Jaan Torkoff advised on all stages of the acquisition, from carrying out the legal due diligence to signing and closing of the transaction.