Ellex has advised Ergo International on the acquisition of ADB Gjensidige from Gjensidige Forsikring ASA.
Ergo is one of the largest insurance groups in Europe.
According to Ellex, "ADB Gjensidige has 659 employees and provides general insurance products to both private and commercial customers in Lithuania, Latvia, and Estonia. Through this transaction, ERGO will expand its footprint across all three Baltic countries, further strengthening its local market position."
The Ellex team included Lithuania-based Partners Ramunas Petravicius and Sarunas Keserauskas, Senior Associates Augustinas Macionis and Arvydas Gruseckas, Estonia-based Partner Sven Papp and Counsel Gerda Liik, and Latvia-based Senior Partner Filips Klavins and Associate Partner Maris Brizgo.
Ellex did not respond to our inquiry on the matter.
