Sorainen advised one of the largest financial institutions in the region on a financing transaction involving Food Union Group companies. The value of the financing is approx EUR 145 million.

Food Union is one of the largest dairy and ice cream producing companies in Europe. It unites companies in 10 countries including Latvia, Estonia, Lithuania, Russia, Belarus, Denmark, Norway, Romania, China and Netherlands.

The Sorainen cross-border team advised the financing institution on Estonian, Latvian, Lithuanian and Belarusian law-related matters through all the main steps of the financing transaction – from structuring to successful closing.

The Sorainen team included partner Reimo Hammerberg, senior associate Jane Eespõld and associate Erik Salur in Estonia, partner Rûdolfs Engelis, associates Mârtinš Rudzîtis, Edvîns Draba and Tits Gulbis in Latvia, partner Tomas Kontautas, counsel Augustas Klezys and associate Laura Matukaitytė in Lithuania and partner Kiryl Apanasevich, senior associate Viktoryia Mikhnevich and legal assistant Artem Melnikovich in Belarus.