Hili Properties has acquired SIA “Tirdzniecîbas centrs “DOLE”” from AMD Holding. SIA “Tirdzniecîbas centrs “DOLE”” is the owner and operator of the Dole shopping centre with total leasable area of 8,000m2 in Riga, Latvia. Hili Properties is part of Hili Ventures, a diversified business holding listed on the Malta Stock Exchange and which operates McDonalds […]
Sorainen represented Swedish company Bergvik Skog in the sale of its forest properties in Latvia to another Swedish company, Södra. The sale transaction was carried out by divesting Bergvik Skog subsidiaries in Latvia. The subsidiaries own 111,100 ha of land, whereof 80,300 ha are covered by productive forest. The transaction sum amounted to EUR 324 […]
On 23 February 2018, the European Central Bank (ECB) determined that ABLV Bank, then the third largest bank in Latvia, was failing or likely to fail in accordance with the Single Resolution Mechanism Regulation. The ECB also determined that ABLV Bank Luxembourg, a subsidiary of the Latvian bank, was failing or likely to fail. The […]
Sorainen advised Stockholm-listed gaming operator MRG with presence in twelve markets, who will expand its Mr Green brand also into the regulated Latvian iGaming market following the acquisition of a majority stake in locally licensed operator 11.lv. MRG will acquire a 75 per cent stake in the sportsbook-focused operator, which is one of the largest […]
Sorainen cross-border team assisted global leading BPO and customer experience company Webhelp in the acquisition of the majority of the share capital of top multilingual nearshore firm Runway BPO. Runway, which is headquartered in Riga – Latvia, brings an additional nine multilingual centres and 1,000 people across Latvia and new countries for Webhelp; Estonia, Lithuania, […]