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AMC Theatres (AMC Entertainment Holdings) (‘AMC’) has entered into a definitive agreement to acquire the largest theatre exhibitor in seven countries in the affluent northern region of Europe, Nordic Cinema Group Holding (‘Nordic’). Nordic operates 68 theatres and has a substantial minority interest (approximately a 50% ownership) in another 50 associated theatres to which Nordic […]
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Sorainen Estonia advised the shareholders of Samat bus company on the sale of a majority shareholding to competitor Hansabuss. Founded by Estonian investors in 1991 and employing over 80 people, Samat services bus lines mainly in Northern Estonia and also offers other services related to bus operation. Samat’s forecast turnover for 2016 is approx EUR […]
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Sorainen advised Lords LB Baltic Fund IV in the acquisition of an office building in central Tallinn known as EU House. The transaction posed some unique challenges due to the fact that the property is structured as a building title and parts of the building remained under reconstruction during the transaction. Additionally, the transaction involved […]
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Sorainen Estonia advised The Climate Corporation, a subsidiary of Monsanto Company, in the acquisition of VitalFields, a European farm management software company based in Estonia. The VitalFields team will join The Climate Corporation, strengthening the company’s efforts to deliver industry-leading digital technologies to farmers around the world. Says Mike Stern, chief executive officer of The […]
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Livonia Partners, the pan-Baltic private equity firm, has agreed to acquire Hortes, the leading retail brand for home and gardening products in Estonia. Livonia will support the company in realising its strong regional growth potential. “Retail is one of the strongest industries in Estonia, consistently outperforming GDP, and Hortes is one of Estonia’s most successful […]
