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Acquisition of a logistics and office complex in Riga
We advised a client working in the real estate sector on a transaction involving the purchase of a company owning logistics and office building located in Riga with an area of nearly 29,000 m2 and a land with an area of 6.3 ha. The seller of the company was VGP Group – a pan-European developer, manager, […]
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Jenoptik acquires Fima ITS businesses in Lithuania and Latvia
We advised Jenoptik, a global technology group operating in the photonics market, on the acquisition of 100% shares of UAB Fima ITS in Lithuania and, indirectly, SIA Fima ITS in Latvia. The companies operate in the Lithuanian and Latvian markets in the field of intelligent transportation systems (ITS), providing a comprehensive range of services and technologies designed to enhance transportation infrastructure, road safety, […]
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Support in communication with the State Revenue Service and in coordinating opinions on the implementation of employee motivation programs
Sorainen tax team provided the Latvian Borrower Assistance Program (LKPP) with support in communication with the State Revenue Service and in coordinating opinions on the implementation of employee motivation programs. Thanks to the involvement of Sorainen tax experts, LKPP will be able to implement a motivational system that benefits both employees and the company. Our […]
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Södra divests forest holding companies in Latvia and Estonia
Sorainen advised Södra Skogsägarna ekonomisk förening, an association of Swedish forest owners, on the divestment of its forest holding companies in Latvia and Estonia – totalling approximately 153,000 hectares of land – to Ingka Investments, the investment arm of Ingka Group (the largest IKEA retailer), a transaction worth EUR 720 million. This transaction represents the largest […]
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Citadele banka completes successful bond issues
We acted as Latvian legal adviser on two successful bond issues completed by Citadele banka. Bond issue of EUR 300 million onto international markets Citadele banka has issued EUR 300 million of senior preferred unsecured bonds, for which we advised joint lead managers Citigroup, Morgan Stanley and Unicredit, as well as Citadele banka, which was […]