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Financing for 20 new low-floor trams in Riga
We advised Česká spořitelna, a.s., the largest Czech bank, on providing financing to Rīgas satiksme, the main public transport provider in Riga, to acquire 20 new low-floor trams, that will improve transport accessibility for elderly people passengers with children, and people with movement disorders, and in general increase the number of passengers on environmentally friendly […]
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Luminor signs an agreement to acquire Maksekeskus
We are advising Luminor Bank (Luminor), the third-largest provider of financial services in the Baltics, on acquiring 99% of the shares of Maksekeskus (MKK), the leading e-commerce payment service provider in the Baltic region, from Omniva, Inbank, and Olsson & Nielsen Nordic. Strengthening presence in e-commerce The acquisition will strengthen Luminor’s presence in the fast-growing […]
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Sorainen advised lenders on Preses nams project financing
Sorainen team is advising Nordic Investment bank, an international financial institution; and Citadele banka, one of the leading banks in Latvia, on providing financing to AS PN Project, a company managed by Lords LB Asset Management, for construction of an office complex certified excellent by BREEAM in Riga (Project). Our involvement We performed legal due […]
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Finnish real estate fund Titanium acquires Ozols shopping centre in Riga
We provided full legal support to the Finnish special mutual fund Titanium Baltic Real Estate (Titanium) in its acquisition of the Ozols shopping centre in Riga from KS Holding, a real estate company co-owned by Kesko, Arturas Rakauskas and Zabolis Partners. The transaction was structured as a share deal and is Titanium’s first acquisition in […]
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Citadele banka issues 200 EUR million in senior unsecured bonds
Sorainen Latvian office acted as Latvian law adviser to the joint lead managers Citigroup, Luminor Bank, Nordea and UniCredit on the issuance by Citadele banka of 200 million EUR in notes, due in 2026. The purpose The purpose of the issuance is to meet the Minimum Requirement for Own Funds and Eligible Liabilities (MREL). Proceeds […]