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Gjensidige sells its business in the Baltics
We advised the Norwegian non-life insurance company Gjensidige Forsikring on signing a sale agreement for its business in the Baltics with Ergo International, the company that manages Ergo’s international business portfolio. Deal value – EUR 80 million. The transaction will be completed upon receiving approvals from the authorities, including the Lithuanian, Latvian and Estonian competition […]
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NORD/LB finances one of the largest wind farm project in the Baltics
We advised NORD/LB, KfW IPEX Bank and Nordic Investment Bank on providing long-term financing totaling around EUR 326 million to LT Energija to construct the new Pagėgiai wind farm. The plans will make it one of the largest wind farms in the Baltic States. The wind farm, located on around 1,000 hectares, will have an […]
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The world’s largest surety insurer will offer its services in Lithuania
We advised Liberty Mutual Surety, one of the world’s largest insurance companies, on structuring the business model, insurance products, insurance terms and conditions, and the provision of surety insurance services in Lithuania. Operating since 1912 and headquartered in Boston, USA, Liberty Mutual is the fifth-largest insurer in the world as of 2022, based on the […]
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Europe’s largest insurer Allianz completes acquisition of Aviva’s operations in Lithuania and Poland
Our client Allianz SE, Europe’s largest insurer, completed the acquisition of life and non-life insurance operations, as well as the pension and asset management business, in Poland and Lithuania from Aviva Group (which includes its Lithuanian subsidiary Aviva Lithuania). The total value of the transaction is EUR 2.7 billion. Allianz’s largest deal globally in a […]
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Lords LB Baltic Fund III sells shopping centre in Marijampolė
We advised closed-end real estate investment fund Lords LB Baltic Fund III on the sale of a shopping centre in Marijampolė. The site has been acquired by Rivona for an undisclosed amount. The first site from the fund’s portfolio sold in Lithuania The shopping centre has been operating since 2006; Lords LB Baltic Fund III […]