Scandi Standard Invests in Lithuanian Farms with EUR 18 Million Acquisition

Deal News | Mar 05, 2025 | CEE Legal Matters

Scandi Standard Invests in Lithuanian Farms with EUR 18 Million Acquisition

Scandi Standard has acquired six chicken farms in Lithuania for EUR 18 million, with legal advisory provided by Walless. The acquisition aims to increase local chicken production while enhancing quality, sustainability, and animal welfare. Walless previously advised Scandi Standard on its entry into the Lithuanian market in 2024. The legal team included key members such as Managing Partner Dovile Burgiene. Despite multiple inquiries, Walless declined to comment further on the transaction.

Sectors

  • Agriculture
  • Legal Services

Geography

  • Lithuania – The acquisition and the chicken farms are located in Lithuania, central to this transaction.

Industry

  • Agriculture – The acquisition involves chicken farms, highlighting the agricultural sector, specifically poultry farming.
  • Legal Services – Walless provided legal advisory services for the acquisition, indicating the involvement of the legal industry.

Financials

  • EUR 18 million – The purchase price for the acquisition of the six chicken farms.

Participants

NameRoleTypeDescription
Scandi StandardBuyerCompanyScandi Standard is the company acquiring six chicken farms in Lithuania.
WallessLegal AdvisorCompanyWalless is the legal advisory firm for Scandi Standard's acquisition.
Dovile BurgieneManaging Partner at WallessPersonDovile Burgiene is the Managing Partner at Walless, involved in advising the transaction.