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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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E4F obtains electronic money institution licence
We advised E4F Money on obtaining an electronic money institution licence in Lithuania. The sole shareholder of the company is Exchange4free, a UK-based company with more than 30,000 private and corporate customers worldwide. Expansion in Europe and Africa The company will offer currency exchange and payment service solutions in Lithuania and other European countries to […]
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Autolux takes over Hertz franchise operations in the Baltics
We assisted Autolux in taking over the operations and administration of the Hertz franchise in Estonia, Latvia and Lithuania. Car rental company Autolux won the tender and became the exclusive Hertz franchise operator in the Baltic states as of 1 January 2019. Autolux completed the required preparations on time and effectively centralised and streamlined the […]
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KAYAK to acquire business unit from NFQ Technologies
Sorainen advised travel planning tools provider KAYAK on acquisition of a business unit comprising employees and office equipment from software development company NFQ Technologies in Lithuania. The business unit comprises approx 40 engineers, who have worked as technology partners for KAYAK for several years. Upon completion of the transaction, the engineers will be employed by […]