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Advising SEB on the cross-border merger of its Baltic banks
We are advising SEB on the cross-border merger of its existing Baltic banks. It will be carried out by a side-step merger, whereby the Latvian and Lithuanian banks will be merged into the Estonian bank. Following this, the Estonian bank will operate in Latvia and Lithuania through branches established during the merger. Strengthening SEB’s financing […]
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Aspora acquires a controlling stake in Lithuanian electronic money institution UAB Hokodo
We advised Vance Inc., operating under trading name Aspora, a US-based fintech company, on its acquisition of a controlling stake in UAB Hokodo, a Lithuanian electronic money institution. The Bank of Lithuania approved the acquisition of a shareholding exceeding 50% of the share capital and voting rights in UAB Hokodo, enabling Aspora to acquire control […]
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Bitė Group refinances with EUR 550 million senior secured notes issue
We advised Bitė Group, a leading telecommunications and media group in the Baltics, on the issuance of EUR 550 million senior secured floating-rate notes due 2031, refinancing the Group’s existing notes. Bitė Group is an integrated telecommunications and media service provider in the Baltic, offering mobile communications, fixed broadband, Pay TV, media and contenct services in Lithuania, Latvia and Estonia. The Group is indirectly controlled by funds managed by Providence Equity Partners. Our team and services We advised the client in Lithuania and Latvia on all legal matters related to the issuance of the notes. Our team consisted of partners Augustas Klezys and Rūdolfs Eņģelis, counsels Vitalija Impolevičienė and Lina Aleknaitė-van […]
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Lithuania borrows EUR 1 billion on international markets
We represented banks-dealers in Lithuania’s issuance of a 7.5 year Eurobond issue with a nominal value of EUR 1 billion. “Despite the continued volatility in financial markets, today we have successfully borrowed EUR 1 billion. This transaction attracted a lot of demand, and high-quality investors participated in it, whose attention and loyalty Lithuania has maintained […]
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Lithuania borrows EUR 2 billion on international markets
We represented banks-dealers in Lithuania’s issuance of two new Eurobond issues with a nominal value of EUR 1.25 billion and a 5-year maturity, and with a nominal value of EUR 750 million and a 15-year maturity. “Lithuania took advantage of the favourable market situation and borrowed EUR 2 billion. We are delighted that our active […]