Sorainen assisted Daugavpils Lokomotîvju remonta rûpnîca (DLRR), a company listed since 2001 and which provides repairs for rolling stock and subcontracts metalworking services, to delist its shares and exit the regulated market. The biggest company in the Baltic States that ensures repair of rolling stock, DLRR provides work for 640 employees and serves big companies in the Baltics as well as in other EU member states.
Sorainen’s assistance included providing legal advice and preparing all documents required for DLRR major shareholders Skinest Rail and Lokomotiiv Investeeringud to make a mandatory bid followed by the squeeze-out process. Sorainen coordinated the whole process, represented the company and its major shareholders in relations with the FCMC, the Latvian Central Depositary as well as the stock exchange, ensuring that all legal requirements were duly and timely followed.
The client was advised by country managing partner Eva Berlaus and senior associate Renâte Purvinska.