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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 we advised joint lead managers Citigroup, Morgan Stanley and Unicredit, as well as Citadele banka, […]
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Leading Baltic real estate investment company issues EUR 30 million in bonds
We advised Summus Capital, one of the leading commercial real estate investment companies in the Baltics, on raising EUR 30 million through the public offering of bonds. First-ever public offering available to retail investors This marks the company’s third ever bond issuance; however, the previous two were targeted only at institutional investors. This was their […]
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Shareholders of Latvian ammunition manufacturer Ammunity signs agreement on sale of shares to Scandinavian Astor Group AB
We advised the shareholders of Ammunity, a Latvian small-calibre ammunition manufacturer, in connection with the agreement to sell 100% of the company’s shares to Scandinavian Astor Group AB, a Swedish defence and security company that will become a strategic investor in Ammunity. This acquisition marks an important step in the growth of Latvia’s defence industry […]
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Change Ventures invests in EngyCELL
We are pleased to have supported Change Ventures with their investment in EngyCELL, a Latvian-based provider of personalised energy storage solutions. About the case EngyCELL offers personalised energy storage solutions that help users reduce energy costs, gain energy independence and participate in the energy market. Change Ventures, a leading Baltic venture capital fund, has invested […]