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Aspora acquires a controlling stake in Lithuanian electronic money institution UAB Hokodo
We advised Vance Inc., operating under trading name Aspora, a US-based fintech company, on its acquisition of a controlling stake in UAB Hokodo, a Lithuanian electronic money institution. The Bank of Lithuania approved the acquisition of a shareholding exceeding 50% of the share capital and voting rights in UAB Hokodo, enabling Aspora to acquire control […]
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Fortegra launches suretyship bond insurance business in the Baltic states through legal representative Masterisk
We advised UAB Masterisk on the establishment of a managing general agent (MGA) platform for the distribution of suretyship bond insurance products in the Baltic states on behalf of Fortegra Belgium Insurance Company NV, part of the international specialty insurance group Fortegra. This initiative marks an important step in strengthening the availability of alternative surety solutions for businesses in […]
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Lithuania borrows EUR 1 billion on international markets
We represented banks-dealers in Lithuania’s issuance of a 7.5 year Eurobond issue with a nominal value of EUR 1 billion. “Despite the continued volatility in financial markets, today we have successfully borrowed EUR 1 billion. This transaction attracted a lot of demand, and high-quality investors participated in it, whose attention and loyalty Lithuania has maintained […]
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Lithuania borrows EUR 2 billion on international markets
We represented banks-dealers in Lithuania’s issuance of two new Eurobond issues with a nominal value of EUR 1.25 billion and a 5-year maturity, and with a nominal value of EUR 750 million and a 15-year maturity. “Lithuania took advantage of the favourable market situation and borrowed EUR 2 billion. We are delighted that our active […]
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Gjensidige completes sale of its business in the Baltics to ERGO
We advised the Norwegian non-life insurance company Gjensidige Forsikring on completing the sale of its business in the Baltics to ERGO International AG, a company that manages ERGO’s international business portfolio. All conditions necessary for the completion of the transaction have been fulfilled according to schedule, such as the required regulatory approvals in Lithuania, Latvia […]