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We advised Salling Group, Denmark’s largest retail group, throughout its EUR 1.3 billion acquisition of the Rimi Baltic retail chain in Lithuania, Latvia, and Estonia. The acquisition was announced on 5 March 2025 and completed on 2 June 2025 after receiving the clearance from the European Commission and the FDI clearance in Lithuania. This is […]
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At the request of the Estonian Private Forest Association, we assessed the constitutionality of proposed amendments to the Nature Conservation Act. The planned amendments would register areas under consideration for protection without a substantive decision. This step would immediately reduce the value of the land. The analysis revealed the planned amendments to be contrary to […]
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We advised Edel Offshore Wind regarding opportunities to develop offshore wind farms in Estonia, including participating in the auctions for superficies licences in the Liivi 1 and Liivi 2 sea areas. These were Estonia’s first auctions to initiate superficies licence processes. This licence is required to place electricity production installations on the seabed and to […]
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We advised Lidl Lietuva on the sale and long-term leaseback for two newly built stores in Lithuania. 1,979 sq. m store in Jurbarkas and a 2,312 sq. m store in Panevėžys were acquired by Tewox. The acquisition was financed with a EUR 6.7 million loan from Luminor Bank. Tewox acquired the store buildings along with […]
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We acted as Latvian legal counsel to the lenders – NORD/LB Norddeutsche Landesbank, Nordic Investment Bank, and Luminor Bank – in the EUR 75 million financing of a 148-MWp photovoltaic (PV) plant in Latvia, developed by Stelo Orienta SIA. This project, supported by the European Union under the InvestEU Fund, is sponsored by European Energy […]
