Primus's Tallinn office has advised leading BaltCap on acquisition of 100% of Sanoma Baltics AS, the operator of the Estonian online classified sites auto24 and Kuldne Bors, from Sanoma Media Finland Oy. Sorainen advised the sellers and Cobalt advised the management of Sanoma Baltics AS on the transaction, which is expected to close in spring 2017 and the parties have agreed not to disclose the value of the transaction.
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Foreign Investors Council in Serbia (FIC), as an organization acting in favor of interests of foreign investors establishing their businesses in Serbia, issues a report every year listing all the recommendations of the private sector to the public authorities that could remove unnecessary barriers and problems in the business functioning. Issued regularly since 2003, the “White book” tries to tackle all the possible issues that would make doing business in Serbia easier and more flexible.