TRINITI JUREX has successfully advised UAB “Nordic Minds” on the sale of a 60% majority stake in UAB Tolimojo keleivinio transporto kompanija (TOKS), one of Lithuania’s most established intercity bus companies, to UAB “C Company,” part of the Žabolis and Partners group. This landmark transaction marks a pivotal moment in Lithuania’s transportation sector, reshaping the ownership structure of a key player in passenger land transportation and setting the stage for its modernization and future expansion.

The deal was particularly complex due to its multi-layered structure, requiring careful coordination across various legal, regulatory, and strategic aspects. TRINITI JUREX played an instrumental role in structuring the transaction, drafting and negotiating critical agreements—including the share purchase and sale agreement, shareholders’ agreement, and option agreement—and ensuring full regulatory compliance. The firm also facilitated a seamless transition by advising on the notification of concentration and guiding the client through negotiations covering the transaction’s execution and TOKS’s strategic expansion plans.

What makes this transaction particularly noteworthy is its role in fostering innovation and sustainability in the passenger transport sector. Under new strategic leadership, TOKS is well-positioned to integrate eco-friendly mobility solutions, expand its market presence, and enhance regional connectivity. The transaction was significantly influenced by ESG regulations, reflecting broader industry trends toward sustainable transportation solutions.

Beyond its impact on TOKS, the deal represents a larger shift in Lithuania’s infrastructure sector, where strategic consolidations are driving efficiency and competitiveness. The legal complexity of the transaction, coupled with its long-term strategic significance, underscores TRINITI JUREX’s expertise in handling high-stakes corporate transactions. By delivering a comprehensive suite of legal services, TRINITI JUREX ensured a legally sound and strategically forward-looking transition, reinforcing its position as a trusted advisor in major corporate and M&A deals.