Tag Archives: Polair

TARK GRUNTE SUTKIENE represented AB Snaigė shareholders in transferring shares and bonds to the strategic investor

TARK GRUNTE SUTKIENE represented KJK Fund SICAV-SIF, Amber Trust SCA SICAF-SIF, Firebird Republics Fund, Ltd. and Firebird Avrora Fund, Ltd., the major shareholders of AB Snaigė in the transaction on transfer of shares and bonds in AB Snaigė to the strategic investor Russian company Polair.

By means of the transaction amounting to nearly EUR 13 million, the investor will acquire 60% of shares and will take over the control of the company. Furthermore, the clients of the law firm will transfer their convertible bonds of AB Snaigė to the investor.
AB Snaigė is the only manufacture of refrigerators, freezers and coolers in the Baltic States. According to the unaudited non-consolidated data, AB Snaigė’s turnover for the first three quarters of the current year reached LTL 93.4 million.

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