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Acquisition of a logistics and office complex in Riga
We advised a client working in the real estate sector on a transaction involving the purchase of a company owning logistics and office building located in Riga with an area of nearly 29,000 m2 and a land with an area of 6.3 ha. The seller of the company was VGP Group – a pan-European developer, manager, […]
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Taaleri Energia and Lords LB Asset Management to develop large-scale wind farm in Latvia
Sorainen is advising SIA WPR2, a joint venture owned by funds managed by Taaleri Energia and Lords LB Asset Management, on the development of a major wind energy project in Smiltene, north-eastern Latvia. About the project The wind farm will feature 16 high-capacity wind turbines, each with a nominal capacity of 7 MW, resulting in […]
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Rail Baltica EUR 1.77 billion electrification contract signed
Rail Baltica will electrify 870 km of railway and 2,403 km of track across Estonia, Latvia and Lithuania, making it the most extensive railway electrification project in Europe and one of the biggest worldwide. It will also pioneer the large-scale use of Static Frequency Converter (SFC) technology combined with 2x25kV in a 50 Hz system, […]
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Stena Line will obtain the rights to provide port operations in Liepāja
We are advising Stena Line on its planned acquisition of Liepāja port operator Terrabalt. By acquiring the Latvian company Terrabalt, Stena Line will take over the operation of the RoRo, bulk and general cargo terminal in Liepāja, Latvia’s third-largest port. About the acquisition The Liepāja port is managed within the framework of the Liepāja Special […]
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Sweden’s agricultural co-op of 17,000 owners expands its reach
We are advising Lantmännen, a Swedish agricultural cooperative, on the acquisition of Leipurin and its operations in Sweden, Finland, Estonia, Latvia and Lithuania. Lantmännen is owned by 17,000 Swedish farmers and has 12,000 employees in over 20 countries. While already Northern Europe’s leader in agriculture, machinery, bioenergy and food products, this acquisition will further strengthen […]