PwC Legal’s pan-Baltic team of lawyers helped Forum Cinemas with cross-border merger
Forum Cinemas, a theatre operator owned by Finnish group Finnkino, has completed a cross-border merger that saw their Latvian and Lithuanian companies being merged into Estonian company Forum Cinemas OU.
Forum Cinemas will carry on their Baltic operations as a single entity with its head office in Estonia and branches in Latvia and Lithuania. The merger followed advice given by PwC Legal’s pan-Baltic team of lawyers.
Janis Gavars, a co-manager of PwC Legal’s M&A practice in Latvia said:
“Finalising the Forum Cinemas cross-border merger means we have successfully completed an assignment that took us more than 12 months to plan and execute. Our portfolio now boasts another very interesting and challenging project after PwC Legal’s Baltic offices worked closely together to achieve all of our goals in good time and quality.”
Forum Cinemas runs three theatres in Estonia, one in Latvia, and five in Lithuania. Last year the Baltic theatres had a total audience of close to five million, their revenues exceeded 38.5 million euros and headcount reached 300.
About PwC Legal
Law firm PwC Legal is part of the PwC global network. PwC Legal practises in more than 90 countries, including Lithuania and Estonia, and employs more than 4,000 lawyers communicating in 123 languages around the world. PwC Legal’s main areas of practice are M&A, reorganisation, restructuring and insolvency, banking and finance law, real estate and construction law, corporate law, tax law, labour law, immigration law, data protection, intellectual property, competition law, public and private partnership, public and administrative law, dispute resolution, and litigation.
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