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Shopping centre Saga owner receives EUR 65 million loan from Swedbank
Sorainen advised VPH, one of the largest commercial real estate developers in Baltic states (Estonia, Latvia and Lithuania); and Riga Retail Park, owner of one of the largest lifestyle shopping centres in Latvia, on receiving a loan totalling EUR 65 million from Swedbank AS for refinancing. EUR 8.5 million of the financing will be allocated […]
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SigmaRoc acquires Lithuanian dolomite producer Dolomitas
We advised SigmaRoc PLC, a London-listed European lime and minerals group, on its acquisition of 100% of the shares in AB Dolomitas for EUR 110 million on a debt-free and cash-free basis, plus a further EUR 8 million for certain non-core assets. The consideration comprises EUR 90 million in cash and EUR 20 million in […]
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RIX Riga Airport launches the next stage of its passenger terminal expansion project
We advised RIX Riga Airport on the new passenger terminal expansion project, which included assistance in preparing the contracts for construction and engineering services, including negotiations with the contractor, as well as with the financing arrangements, including negotiations with the European Bank for Reconstruction and Development, Nordic Investment Bank and OP Corporate Bank. About the […]
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InMedica to acquire Navicko Klinika in Klaipėda
We are advising UAB Navicko Klinika on the sale of 100% of its shares to medical clinic network InMedica which is owned by Finnish social and healthcare services provider Mehiläinen. The transaction is subject to clearance by the Lithuanian Competition Council. InMedica and its affiliated companies provide healthcare, dental and medical laboratory testing services in […]
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Advising Sunly on launching a new heating solutions service line
We advised Sunly on the legal framework, contract preparation and market-facing communications relating to the launch of its new heating solutions service line and entry into the heating services market. Our work included developing the contractual model for heat supply and equipment rental, updating that framework as the service evolved, and advising on the gradual […]