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Eco Baltia acquires majority of shares in Ecoservice
We advised Eco Baltia, the largest environment and waste management group in the Baltics, on acquiring the majority of shares in Ecoservice, a leading Lithuanian waste management company. Latvian-based Eco Baltia, managed by the private equity fund INVL Baltic Sea Growth Fund and the European Bank for Reconstruction and Development (EBRD), signed an agreement with […]
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Storskogen acquires majority of shares in Scandia Steel
We assisted the Swedish-based company Storskogen in acquiring a majority of the shares in Scandia Steel – a leading Scandinavian supplier of steel pipe piles in foundation and foundation reinforcements. Manufacturing takes place in Kretinga, Lithuania Scandia Steel has 94 employees and a turnover of almost EUR 40 million. The company’s product development and sales […]
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SBA Group sells logistics centre and factory real estate to EfTEN Fund
We advised the SBA Group on its largest-ever real estate sale transaction. The logistics centre and the furniture component factory in the SBA Industry Innovation Valley near Klaipėda has been transferred to the green real estate fund managed by Estonian fund management company EfTEN Capital AS. Deal value – EUR 28.6 million. SBA Industry Innovation […]
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Ignitis Group enters the stock market
Our team has been advising the state-owned energy company Ignitis Group in preparation for the initial public offering (IPO) and admission to trading on the Vilnius and London stock exchanges. Through the IPO, the group will offer investors 20.9 million shares (27.8% of the issued capital). Some of the shares will be distributed on the […]
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Lietuvos geležinkeliai signs electrification purchase contract
We advised Lietuvos geležinkeliai ‒ the largest state-owned railway company in the Baltics ‒ on tender procedures and signing a purchase contract to electrify a major railway infrastructure corridor in Lithuania. Electrification will affect a strategically important railway line linking Klaipėda port, the main cargo and logistics centre in Lithuania, with Vilnius and Belarus. This […]