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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 […]
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Polhem Infra completes acquisition of Telia Carrier
Polhem Infra completed the acquisition of Telia Carrier, a world-leading provider in backbone connectivity for data traffic, after all conditions, including regulatory approvals, were met. Acting as local counsel, our pan-Baltic team, collaborating with DLA Piper as lead counsel, advised Polhem Infra throughout the transaction on Lithuanian, Latvian and Estonian legal matters In October 2020 […]
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Fortum to sell its district heating business in the Baltics
We advised Fortum, a European energy company with activities in more than 40 countries on the sale of its district heating business in the Baltics to Partners Group, a leading global private markets firm, acting behalf of its clients. Biggest M&A transaction in the Baltics in 2021 The transaction, subject to customary closing conditions, is […]