Sorainen Belarus advised Signature Investment Group (SIG) on its acquisition of Korona, operator of the largest retail trade centre in Grodno, Belarus. The total area of the trade centre is approx 20,000 m² and is almost entirely leased to 800 tenants. SIG is a global investment firm with offices in the US (New York) and […]
Sorainen Belarus and Lithuania advised International Finance Corporation (IFC) on provision of a USD 7 million (approx EUR 5.33 million) facility to OMA, a leading Belarusian home improvement goods and DIY (do-it-yourself) retailer and wholesaler jointly owned by Belarusian and European shareholders, including Kesko Group (Finland) and Senukai Group (Lithuania). Currently, OMA has branches in […]
Sorainen Belarus office acted as legal counsel for the European Fund for Southeast Europe (EFSE), the world’s largest microfinance investment fund, on signing a senior loan agreement with Belgazprombank enabling Belgazprombank to borrow USD 30 million from EFSE to expand its housing finance operations and increase lending to micro- and small businesses in Belarus. The […]
Sorainen Belarus acted as local counsel for International Finance Corporation (IFC) on an extension of a USD 5 million loan to Belarusky Narodny Bank for small- to medium-sized enterprise (SME) finance. This financing complements a recent purchase of equity in the bank, also now the first bank in Belarus to which IFC is making loan […]
Sorainen Belarus acted as local counsel for International Finance Corporation (IFC) in its acquisition of a 19.99% stake in Belarusky Narodny Bank for USD 8.2 million (approx EUR 5.9 million). Belarusky Narodny Bank is a commercial bank controlled by the Bank of Georgia. The Sorainen team was involved in structuring the transaction and commenting on […]
