The project VPH, a developer and manager of world-class commercial real estate across the Baltics and Belarus, has acquired a plot of 14.45 hectares in Stopiņu novads (Latvia) from Verus Praedium (owner of the IKEA store in Latvia), for development of a new lifestyle shopping centre Sāga. Sāga is located next to the IKEA store […]
Sorainen advised the European Investment Bank (EIB) on its two lending transactions with the largest Belarusian banks totalling up to EUR 105 million. The EIB is a non-profit lending institution of the European Union established in 1958 under the Treaty of Rome and the world’s largest multilateral lender supporting sustainable investment projects that contribute to EU […]
We advised the European Bank for Reconstruction and Development (EBRD) on provision of a more than EUR 200 million financing package to Belarusian subsidiaries of the Kronospan group. EUR 40 million out of this package will be syndicated to commercial banks. Kronospan group is the market leader in the wood-based panel sector. It manufactures wood-based […]
Dear clients and co-operation partners, As summer vibes seem to be just around the corner, we are delighted to share with you our summary of the main legal and business news in Belarus for the first few months of 2019. As at the end of 2018, the Belarusian-Russian relationship is the main provider of news […]
Sorainen Estonia acted as Estonian adviser for syndicate of banks in financing the investment of European Diversified Infrastructure Fund II SPSc, infrastructure fund managed by First State Investments, in Utilitas, Estonia’s largest district heating company and a leading renewable power producer. The syndicate of banks financing the transaction consisted of Skandinaviska Enskilda Banken, Crédit Agricole […]