TVINS has represented UAB Agrosfera, a large grain purchaser in Lithuania, on its purchase of real estate and entrance into a state-owned land plot lease agreement.
The Esin Attorney Partnership (EAP), a member firm of Baker & McKenzie International, has advised ING Group’s Turkish subsidiary on a syndicated loan obtained for general trade finance purposes. Balcioglu Selcuk Akman Keki Attorney Partnership (BASEAK), working alongside Dentons, advised the lenders.
Buzescu Ca has announced that it obtained a victory for client Statkraft Markets, member of the Statkraft Group, the leading European renewable energy producer, in an appeal filed by the Romanian electricity system and transmission operator, Transelectrica, of the lower court's dismissal of its claim of re charges for cross-border electricity trading.
Asters has acted as legal counsel to the International Finance Corporation (IFC), a member of the World Bank Group, in connection with USD 15 million financing provided to fuel supplier Nadezhda Group, part of efforts to spur economic growth in Ukraine by making energy supplies more widely available.
The Warsaw office of Greenberg Traurig has represented the US-based Amstar private equity fund and the Warsaw-based BBI Development real estate developer on the bulk sale of 72 residential units to German-fund Catella. Dentons advised Catella on the deal. According to Greenberg Traurig, “the transaction is believed to be the largest bulk sale of luxury residential units in Central European history.”
Baker & McKenzie has advised GFKL Financial Services GmbH on its acquisition of IS Group Management GmbH (trading as IS Inkasso Service), an Austrian market leader in third party collections (3PC) with a strong Swiss business presence, from majority shareholder Hannover Finanz and the IS Group’s management, which remains in place after the sale. Fellner Wratzfeld & Partner advised the sellers on the transaction.
DJBW Danilowicz Jurcewicz Biedecki i Wspolnicy has advised STK Group, one of the largest private rail operators in Poland, on the sale of 100% of STK S.A. shares and 80% of Kolej Baltycka shares to OT Logistics, for a total amount PLN 33.1 million. Wroclaw-based PGNG advised OT Logistics on the deal, which still requires anti-monopoly clearance.
WKB has advised the holders of the majority of shares in Organic Farma Zdrowia S.A. — including the private equity fund Avallon — on the sale of 63.42% of the share capital (representing approximately 55.65% of the total voting rights in the company) to the Italian company EcorNaturaSi. Greenberg Traurig advised EcorNaturaSi on the deal, which was finalized on July 6, 2016.
Sorainen advised Northern Horizon Capital on upgrading the fund management company licence of its Estonian arm to an alternative investment fund manager (AIFM) licence and in establishing a new public evergreen closed-ended real estate fund. The Estonian Financial Supervision Authority (EFSA) granted the AIFM license and registered the fund, named Baltic Horizon Fund (“the Fund"), on May 23, 2016.