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Lextal Advises Alarmo Kapital on Takeover Bid of Arco Vara’s Shares

Lextal Advises Alarmo Kapital on Takeover Bid of Arco Vara’s Shares

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Lextal’s Tallinn office has advised Alarmo Kapital, the majority shareholder of Arco Vara, on its takeover bid of EUR 1.3 per share for the remaining shares in the company.

Lextal reported that, “according to the regulations of the [Estonian] securities market, a shareholder who has a majority shareholding in a listed company must make a public offer to other shareholders for the acquisition of their shares.”

Alarmo Kapital acquired a total of 1,284,354, or 14.2%, of Arco Vara’s shares. As a result of the transaction, Alarmo Kapital will own a total of 5,948,596, or 66.1% of Arco Vara’s shares, and has subscribed for additional 390,000 shares in the company.

Lextal’s team consisted of Partner Kristi Sild and Lawyer Kaisa-Maria Kubpart.

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LEXTAL Legal Group – one of the ten largest law firms in the Baltics operating with a team of over 80 lawyers. LEXTAL Legal is a united group of law firms that includes LEXTAL in Estonia, ILAW LEXTAL in Lithuania and RER LEXTAL in Latvia.

The coverage of all three Baltic States gives additional value to our clients acting in three jurisdictions and enables us to manage complex legal projects and other matters in one hand.

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