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Enerstena gets EUR 7 million in financing from the State Aid Fund for Business
We advised renewable energy company Enerstena on getting EUR 7 million in financing from the State Aid Fund for Business. The fund is dedicated to supporting businesses affected by the pandemic. Enerstena became the first company to receive financing from the fund. This investment is vital Due to the pandemic Enerstena has been forced to […]
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INVL fund signs EUR 13.6 million deal with Linas Agro Group
We advised INVL Sustainable Timberland and Farmland Fund II in acquiring seven companies from the agricultural business group Linas Agro Group for a total of EUR 13.6 million. The newly acquired companies indirectly own 2,000 ha of agricultural land. The fund acquired 100% of the shares of the Latvian Zemvalda land management holdings group from […]
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Largest deal for development and acquisition of solar parks in Central Europe
Our team, in cooperation with a Polish law firm, has been advising Ignitis Renewables – a subsidiary of Ignitis Group – on entering into the largest deal this year for development and acquisition of solar parks in Central Europe. Ignitis Renewables will acquire a portfolio of solar parks in Poland from solar developer Sun Investment […]
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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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VIG consolidates its group non-life insurance companies Compensa and Seesam in the Baltics
We advised Vienna Insurance Group (VIG) – one of the biggest international insurers in Central and Eastern Europe – on consolidating the business of its group non-life insurance companies Compensa and Seesam in Lithuania, Latvia and Estonia. This is potentially the biggest cross-border merger in the Baltics in 2020. Optimising group structure As a result […]