BDO advised SIA Oribalt Group in the management buy-out of Oriola’s Baltic businesses
08 November 2017
On 14 August 2017 Oriola announced that it had signed an agreement to sell its Baltic businesses to the companies’ existing management (SIA Oribalt Group). Oriola’s Baltic businesses comprise of the following subsidiaries: AS Oriola, Oriola Estonia Oü, SIA Oriola Riga, SIA Panpharmacy, and UAB Oriola Vilnius.
BDO advised the management in reorganizing five Oriola subsidiaries in Estonia, Latvia and Lithuania under a new Latvian parent company, SIA Oribalt Group. The new Oribalt Group will be one of the top 100 Latvian companies by turnover and it employs 160 people in three countries in the field of pharmaceutical pre-wholesale, wholesale and internet pharmacy.
BDO team was led in Latvia office by partner Vita Liberte, in Estonia office - Barbara Asu, in Lithuania office - Kasparas Zebrauskas.