Sorainen as local counsel advised CEMEX, a leading global building materials company, on the sale of its activities in Scandinavia and the Baltic states to Schwenk, a building materials group headquartered in Ulm, Germany. The purchase price is approx EUR 340 million. In Latvia, Schwenk is taking over a cement production plant with a production […]
Deals & Cases / Toomas Prangli, Isabella Barbara Tisenhusen, Nele Suurmets
Sorainen advised Canadian Forest Products (‘Canfor’) in acquiring Vida Packaging Eesti. The transaction is connected to Canfor’s 70 percent acquisition of Swedish company VIDA Aktiebolag. “With the acquisition of VIDA, we are excited to become a truly international manufacturer and provider of wood product solutions for our global customers,” said Don Kayne, President and Chief […]
Sorainen Belarus assisted the European Bank for Reconstruction and Development (EBRD) with the sale of its share in Commercial and Industrial Group West-Ost Union, owner of the children’s goods retail chain operating under the “Buslik” trademark (Buslik). The retail chain started operations in 2006 and now holds the leading position in the retail segment of […]
Sorainen advised Inchcape International Holdings Limited, a wholly owned subsidiary of Inchcape plc, on entering into an agreement to acquire the exclusive BMW distribution business in Lithuania. Inchcape received merger clearance from the Lithuanian Competition Council on 21 December 2018. This acquisition further strengthens Inchcape’s relationship with BMW Group – a core brand partner – in […]