TARK advised Fuchs Petrolub SE on the Estonian, Latvian and Lithuanian law aspects of acquisition of Statoil Fuel & Retail Lubricants business. The transaction was signed in August and closed in October 2015. Fuchs Petrolub is the world’s leading independent supplier of lubricants headquartered in Germany (www.fuchs-oil.com). In the financial year 2014/2015, Statoil Fuel & Retail Lubricants business generated sales revenues of approximately EUR 140 million.
With this acquisition, the Fuchs Group is strengthening its presence in Scandinavia, expanding its market position in Poland and Russia and will now be present in the Baltic States.
TARK’s team carried out the due diligence review of the target’s Baltic operations and advised on the Baltic aspects of the transaction.