Deals & Cases
Eltel has sold its business operations in Latvia in a management buy-out whereby Jurijs Kokoreviès (District Manager at Eltel) acquired 100% of the shares in Eltel Networks. Eltel is a leading Northern European provider of technical services for critical infrastructure networks – Infranets – in the segments of power, communication and other. Company’s operations spread […]
Eurovia – a subsidiary of VINCI, a world leader in transport infrastructure construction and urban development, operating in 15 countries and with 38,000 employees – has acquired 68.75% shares in Saldus ceïinieks, a leading Latvian builder of road infrastructure. Saldus ceïinieks, established in 1991, specialises in road construction, extraction of aggregates and asphalt production. The […]
Sorainen successfully represented Dujotekana, one of the largest companies in Lithuania operating in the natural gas market, in a court dispute against a former employee regarding illegal dismissal and payment of severance compensation amounting to approx EUR 1 million. Although the decision of the court of first instance was favourable to the employee, the Lithuanian […]
News
Recently a Ministry of Energy official announced, in the course of a discussion held at the lower chamber of the Belarus’s parliament, that in the nearest future SPA Belenergo (state-run energy monopolist in Belarus) would not be able to purchase energy produced from the renewable energy sources (RES) at the increased rates. Taking into account […]
Sorainen Lithuania advised Gasum, a Finnish energy company, on sale of the shares of GET Baltic. The shares were acquired by Amber Grid, a Lithuanian gas transmission system operator. The transaction was closed by the end of 2016. The energy company Gasum is a Finnish gas sector (natural gas, LNG and biogas) expert that is […]