Skrastiņš & Dzenis advises client on the acquisition of e-commerce business in the Baltics

Subject to the completion of the transaction Kesko Senukai will buy one of the largest Latvian e-commerce businesses – 1A and become one of the leading e-commerce companies in the Baltics operating online in all three Baltic states. The transaction, however, is subject to the approvals of local competition authorities.

Skrastiņš & Dzenis team, led by partners Aivis Dzenis and Vigo Krastiņš and included associates Evija Ābele and Aleksandrs Kogucs, advised the client in all major steps of the transaction in relation to Latvia – performed full legal due diligence, advised on drafting the share and purchase agreement. Further our team led by partner Verners Skrastiņš is taking over competition matters and is advising the client on obtaining merger clearance from Latvian Competition Council.