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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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Stena Line acquires ferry and RoRo port operations in Ventspils
We advised our client Stena Line on a transaction involving acquisition of the operations of the ferry and RoRo terminals at the Port of Ventspils, Latvia. About the acquisition The acquisition in Latvia is the latest of several moves to support Stena Line’s long-term expansion in the Baltic Sea region, which is fast developing economically. […]
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Development of concept and business model for the Riga Energy Efficiency Fund (REEF)
Sorainen provided legal assistance in the development of a concept and business model for the Riga Energy Efficiency Fund (REEF) from the Riga Energy Agency. The development of the REEF concept The development of the REEF concept is a crucial step towards the city co-financing energy-efficient renovations of resident homes. The implementation of REEF would […]
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Process of transformation of PrivatBank
We provided legal support to PrivatBank in transferring its client portfolio and part of its assets and liabilities to Industra Bank. The total of the loans included in the transaction was approx. EUR 25 million, and the amount of deposits exceeded EUR 50 million. The transaction received the permission of the Financial and Capital Market […]
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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 […]