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Stockmann sells malls in Tallinn and Riga
We advised Stockmann on the sale of its department store properties in Tallinn, Estonia, and Riga, Latvia to the investment arm of Viru Keemia Grupp (VKG). Notable transaction This was one of the biggest real estate transactions in the Estonian and Latvian markets in 2021. The sale is a part of the corporate restructuring program […]
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Record-breaking IPO of Enefit Green
We advised the book-runners of the IPO with the largest number of subscribers in the history of the Baltics on the successful offering and listing of the shares on the main list of the Nasdaq Tallinn Stock Exchange. The Enefit Green offering is arranged by Swedbank, Nordea, and Citigroup. An unprecedented number of retail investors […]
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Ignitis Group enters Latvian market by acquiring three wind farms under development
Our team advised the state-owned energy company Ignitis Group on entering the Latvian renewable energy market. Ignitis renewables, a subsidiary of the Ignitis Group, has entered into conditional agreements to acquire 100% of the shares of three Latvian companies developing wind farm projects in Latvia. Construction of wind farms with a total capacity of about […]
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Signing and financial close of the first major roads PPP in Latvia
In cooperation with lead counsel Loyens & Loeff (Brussels), we advised clients A.C.B., Binders, and TIIC (Portugal) who formed the consortium Kekava ABT to sign a 3+20 year DBFM contract with the Latvian state for the 17.5 km Kekava bypass on the Via Baltica route, with financing from the European Investment Bank and the Nordic […]
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Veho to acquire Domenikss, Mercedes-Benz general representative in Latvia
We assisted Benita Danilenko, the owner of Domenikss, which is the representative of Mercedes-Benz in Latvia, in the sale of the company to Veho. About the deal The transaction covers the import, retail and maintenance of Mercedes-Benz passenger and commercial vehicles. After the sales transaction, Domenikss will continue its operations within Veho group as a […]