Schoenherr advised HS Timber Group on the acquisition of 100 %
of the shares in the Latvian sawmill Vika Wood SIA from Swedish
Bergs Timber AB.
Closing is expected in Q1 2025 and is subject to the fulfilment of
customary regulatory approvals.
Based in Vienna, HS Timber Group is one of the leading wood
processing companies in Europe. It is active in the timber industry
and in the bioenergy sector throughout the CEE region, exporting
its products to 70 different destinations.
Vika Wood specialises in high-quality softwood lumber, which is
sold in more than 30 countries. The sawmill also plays an important
role in the regional value chain and supplies sawmill byproducts to
local pellet producers and the pulp industry.
The Schoenherr team advising on the transaction was led by
Maximilian Lang (partner) and Christian Herbst (partner), and
further consisted of Volker Weiss (partner), Beatrix Schima
(attorney at law), Markus Fasching (associate) and Alexandru Caprau
(associate).
COBALT acted as local counsel on Latvian law matters.
PRESS RELEASE
23 January 2025
Schoenherr Advises HS Timber Group On Acquisition Of Vika Wood SIA, Latvia
Schoenherr Attorneys at Law
Contributor
We are a full-service law firm with a footprint in Central and Eastern Europe providing local and international companies stellar advice. As the go-to legal advisor for complex commercial matters in the region, Schoenherr aims to use its proximity to industry leaders, in developing practical solutions for future challenges. We keep a close eye on trends and developments, which enables us to provide high quality legal advice that is straight to the point.
Schoenherr advised HS Timber Group on the acquisition of 100 % of the shares in the Latvian sawmill Vika Wood SIA from Swedish Bergs Timber AB.