The private shareholders of AB K2 LT have sold a 70% stake in the company to a group of private investors.
AB K2 LT is the first and only crematorium operator in Lithuania.
Oaklins' team in Lithuania acted as a financials advisor in this private placement of shares and listing the company on Nasdaq's First North. Prior to the transaction, the team was coordinating a dual-track with a 100% trade sale being the other option. After the trade sale talks were discontinued, the company was listed on Nasdaq's First North, raised approximately US$1.3 million from additional share issue and sold 70% of the total shares to a group of over 65 private investors.
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