OREANDA-NEWS. January 21, 2010. Sorainen Lithuanian and Latvian offices have advised Tokheim Sofitam Applications (Tokheim), one of the world's leading manufacturers and service providers of fuel dispensing and automation equipment, on its purchase of the Lithuanian and Latvian subsidiaries of A. Rohe Holding (Rohe), reported the press-centre of Sorainen.

Following the March 2009 bankruptcy of A. Rohe Holding, a petrol-station maintenance company, numerous international competitors sought to purchase Rohe's subsidiaries in 19 countries. Tokheim succeeded in securing the most prominent subsidiaries of the Rohe Group in Romania, Bulgaria, Serbia, Lithuania, and Latvia. The transaction was managed by Wolf Theiss, one of the leading law firms in CEE.
 
Transactions in Latvia and Lithuania involved acquisition of shares of Lithuanian and Latvian subsidiaries from A. Rohe Holding, subsequent sale of a minority stake to local management, advice on the shareholders agreement, and certain post-closing corporate issues.The client was advised by Raminta Karlonaite and Renate Purvinska.