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Sorainen Lithuania advised DNB Bank ASA (Norway), the largest financial services group in Norway, on the grant of a loan to Norwegian real estate development group Schage for development of the Quadrum business centre in Vilnius. Quadrum is the first business centre in Lithuania designed and built according to the Building Research Establishment Environmental Assessment […]
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Sorainen assisted the Lithuanian Ministry of Finance in successfully pricing an offer of EUR 450 million (nominal value) Eurobonds that will be consolidated to form a single series of 20-year Eurobonds issued last year. Before the addition the issue size was EUR 750 million but has now reached EUR 1.2 billion. Said Rasa Budbergytė, Lithuanian […]
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Sorainen advised Nordea, the largest financial services group in northern Europe, on combining operations with DNB in Estonia, Latvia and Lithuania to create the leading main bank in the Baltics with strong Nordic roots. “Combining knowledge of the Baltic market, close cooperation with our customers and developments in digital banking, Nordea has over the years […]
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On 7 March 2016, after evaluating reports prepared by PricewaterhouseCoopers, the Lithuanian Competition Council (“Council”) confirmed that Polish insurance company PZU, which acquired 100 % of the shares in Lietuvos draudimas, had timely and properly fulfilled the merger conditions and obligations set by the Council on 9 March, 2014 when issuing a clearance decision for […]
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SORAINEN Lithuania advised FinBee, one of the leading peer-to-peer (P2P) lending platform operators in Lithuania, on structuring funds handling procedure using only a bank deposit account and acting as a financial intermediary for Citadele Bank. FinBee became the first P2P platform directly using a bank deposit account for funds handling services in Lithuania. The new […]
