LEXTAL has successfully carried out a takeover bid for Arco Vara shares by the majority shareholder Alarmo Kapital. The project was led by partner Kristi Sild and assisted by lawyer Kaisa-Maria Kubpart.
According to the securities market regulations, 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. LEXTAL helped to prepare and carry out all the documents and procedures required for the takeover bid. The work included the preparation of the offer notice and the prospectus, communication with the Financial Supervision Authority and Nasdaq Tallinn.