OREANDA-NEWS. On July 21, 2008 Sorainen Vilnius office advised the client, Billerud Skog AB, the Swedish-based supplier of fibre materials and biofuel, in its acquisition of 70% shares in Cebeco Mediena UAB, the Lithuanian-based owner and operator of pulpwood, for an undisclosed consideration, reported the press-centre of Sorainen.

The acquisition will help Billerud in fulfilling its wood requirements and expanding its operation in the Baltic wood market.

It will also help Billerud in terms of logistics, as the company is based in the port of Klaipeda, with its terminal warehousing and loading facilities. The client was advised by partner Laimonas Skibarka and associate Tadas Milasius.