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Support for Silva Finance launch
We provided legal support for the launch of Silva Finance, a new forest and farmland equity financing company. About Silva Finance Silva Finance offers loans for the growth of enterprises against pledges of woodland with forest stands or of agricultural land, providing financing opportunities tailored to small and medium-sized enterprises. Silva Finance’s business model is […]
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Inter IKEA Group completes acquisition of the IKEA retail business in the Baltics
We advised Inter IKEA Group on its acquisition of the IKEA retail business in the Baltics. The purchase included three full-size IKEA stores, five additional smaller customer meeting points, the business’s e-commerce platform, and the Digital Retail Development company. Currently, the IKEA retail operations in the Baltics employ 1,450 co-workers, and 6.6 million people visited IKEA stores […]
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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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Stena Line acquires ferry and RoRo port operations in Ventspils
We advised our client Stena Line on a transaction involving acquisition of the operations of the ferry and RoRo terminals at the Port of Ventspils, Latvia. About the acquisition The acquisition in Latvia is the latest of several moves to support Stena Line’s long-term expansion in the Baltic Sea region, which is fast developing economically. […]
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Development of concept and business model for the Riga Energy Efficiency Fund (REEF)
Sorainen provided legal assistance in the development of a concept and business model for the Riga Energy Efficiency Fund (REEF) from the Riga Energy Agency. The development of the REEF concept The development of the REEF concept is a crucial step towards the city co-financing energy-efficient renovations of resident homes. The implementation of REEF would […]