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Gjensidige sells its business in the Baltics
We advised the Norwegian non-life insurance company Gjensidige Forsikring on signing a sale agreement for its business in the Baltics with Ergo International, the company that manages Ergo’s international business portfolio. Deal value – EUR 80 million. The transaction will be completed upon receiving approvals from the authorities, including the Lithuanian, Latvian and Estonian competition […]
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Joint venture established by Roland DG and VEIKA starts its operations
We advised the world’s leading provider of digital printing solutions Japan-based Roland DG, in establishing a joint venture DG Dimense with the Lithuanian company Veika. Veika is a manufacturer and vendor of wallpaper and digital printing-related products. The joint capital company of Lithuania and Japan will continue to develop DIMENSE™ wide-format digital printing technology, which is […]
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Court rules in favour of Kalnapilis-Tauro Group in of non-alcoholic beer advertising case
The Supreme Administrative Court of Lithuania adopted a decision in favour of our client the Kalnapilis-Tauro Group in a case regarding a fine imposed by the Drug, Tobacco and Alcohol Control Department (DTACD) for advertising Tauras Tradicinis nealkoholinis (Tauras traditional non-alcoholic) non-alcoholic beer. The court upheld the appeal of the Kalnapilis-Tauro Group and annulled the […]
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INVL Baltic Sea Growth Fund completes the acquisition of Nemunas and Eglės Sanatorija
We assisted the INVL Baltic Sea Growth Fund in completing the acquisition of Nemunas, one of the most modern treatment centres in Birštonas; and Eglės Sanatorija – one of the largest spa and treatment centres in the Baltics. The transactions were closed following regulatory approval from the Lithuanian Competition Council. Nerijus Drobavičius, a partner at […]
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Encavis AG acquires a wind farm (69 MW) in Lithuania for the first time
We assisted Encavis AG, the Hamburg-based wind and solar park operator, in acquiring an onshore wind farm in Lithuania, which is already connected to the grid and has a nominal output of 69.3 megawatts. Encavis AG is expanding its portfolio to more than 2.1 gigawatts of generation capacity The project was developed by E energija […]