Deals & Cases
Lietuvos energija’s EUR 300 million green bonds issue, advised by Sorainen, won an award at the Climate Bonds 2018 yearly conference in London. The company received a Green Bond Pioneer Award for being the first one to develop a green bond financing tool in Lithuania. Funds attracted using green bonds can only be used for […]
Sorainen advised international player Modus Group on the merger of UniPark and Parkdema. UniPark belongs to Modus Group, while Parkdema is managed by the Energy and Infrastructure SME Fund of investment company Lords LB Asset Management. The value of the transaction remains so far undisclosed. Completion of the merger, which still has to be confirmed […]
An arbitral tribunal by the World Bank International Centre for Settlement of Investment Disputes (ICSID) has made an award in an investment dispute between energy group E energija (Lithuania) and the Republic of Latvia. This is the first decision on the merits in an ICSID case against the Republic of Latvia, and the only ICSID […]
Sorainen advised Greentech, a leading plastic recycler in Europe, on establishing a cross-border joint venture for recycling PET (Polyethylene Terepthalate) packaging waste and in acquiring real estate as a site for planned operations. Greentech is part of the Green Group, the largest integrated recycling park in South-Eastern Europe, which has brought together six companies specializing […]
Deals & Cases
Eltel has signed an agreement to sell its business operations in Estonia to Estonian Tecnolines, a company which operates in the Estonian networks design, construction and maintenance sector. Eltel’s Estonian unit comprises power, telecommunication and gas infranet services and currently employs approximately 300 people. In 2016, these operations generated net sales of EUR 26.3 million […]