We are advising Cēsu Alus, the largest and oldest brewery in Latvia, which is part of the Olvi Group, Finland’s third largest brewery, in relation to their planned acquisition of Piebalgas Alus.

The completion of the acquisition is subject to approval by the Latvian Competition Council.

Development and growth of the region

The acquisition by Cēsu Alus will allow the widening of Piebalgas Alus’s distribution network and continue its development in brewing unique beer varieties in the traditional and craft beer segments. The acquisition will also contribute to the further economic growth of the Vidzeme region.

Our services and client team

Our team is advising Cēsu Alus on various aspects of the deal, including legal due diligence, preparing and negotiating the transaction documents, and preparing and submitting the merger notification to the Competition Council, and will continue to advise the client until the closing of the transaction.

Cēsu Alus is advised by Sorainen Latvia country managing partner Eva Berlaus and associate Līva Aleksejeva. Partner Ieva Andersone and senior associate Linda Reneslāce are assisting the client with requesting the approval from the Competition Council on completion of acquisition.