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We are assisting asset management group Invalda INVL in acquiring Mandatum Life’s Baltic insurance business. Mandatum Life is one of Finland’s largest life insurance companies, which also operates in the Baltics through branch operations across Lithuania, Latvia and Estonia. Invalda INVL has signed a deal in principle to acquire Mandatum Life’s Baltic insurance business. Completion […]
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Our client Allianz SE, Europe’s largest insurer, has agreed to acquire life and non-life insurance operations, as well as the pension and asset management business, in Poland and Lithuania from Aviva Group (which includes its Lithuanian subsidiary Aviva Lithuania). The total value of the transaction is EUR 2.7 billion. Allianz is set to become number […]
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We advised KogoPay in obtaining an electronic money institution licence in Lithuania. The company plans to expand its operations in Lithuania and the EU by offering customers electronic money services, including e-wallet services, express payments and QR payments, allowing customers to pay conveniently when shopping online, or offline in physical stores. Our services and team […]
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We advised renewable energy company Enerstena on getting EUR 7 million in financing from the State Aid Fund for Business. The fund is dedicated to supporting businesses affected by the pandemic. Enerstena became the first company to receive financing from the fund. This investment is vital Due to the pandemic Enerstena has been forced to […]
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Deals & Cases / Tomas Kontautas, Laura Matukaitytė, Liutauras Vasiliauskas
We advised Bittiq – a Netherlands-based company launching account information business across Europe. The Lithuanian subsidiary of Bittiq – Connectly – will be one of the first companies launching the business based on the new service under the second Payment Services Directive (PSDII) – account information service. Connectly enables consumer centric services based on analysis […]
