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Latvijas Banka has issued an EMI licence to Pace FS
We are glad to announce that, on 18 June, the Supervision Committee of Latvijas Banka issued an EMI operating licence to Pace FS. We at Sorainen would like to congratulate Pace FS and their team on this milestone achievement. About Pace FS Pace FS is a fintech company dedicated to providing payment services for online […]
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Danish Sun Energy sells large-scale co-located park in Latvia to Sunotec
We advised the seller, Danish greenfield developer Danish Sun Energy ApS, on the sale of a large-scale co-located project in Latvia, comprising 400 MWp of PV solar capacity and 600 MWh of BESS storage, to Sunotec. Sunotec, which is one of Europe’s leading renewable energy development and construction companies, has acquired 100% of share capital in […]
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PurpleGreen Capital launches a new alternative investment fund manager in Latvia
We assisted PurpleGreen Capital with the launch of a new alternative investment fund manager and with setting up an alternative investment fund headquartered in Latvia, within the EU. About the company PurpleGreen Capital, based in Latvia, delivers value through investments in high-growth sectors. It is audited by a top-tier international firm and is open to […]
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Inter IKEA Group completes acquisition of the IKEA retail business in the Baltics
We advised Inter IKEA Group on its acquisition of the IKEA retail business in the Baltics. The purchase included three full-size IKEA stores, five additional smaller customer meeting points, the business’s e-commerce platform, and the Digital Retail Development company. Currently, the IKEA retail operations in the Baltics employ 1,450 co-workers, and 6.6 million people visited IKEA stores […]