Fort has advised an ATRIUM group company in its EUR 12.5 million sale of the Shopping Centre Azur by means of a transfer of shares in SIA MD Galerija Azur to UAB KS Holding, a company registered in Lithuania, which is indirectly owned by Finnish trade group Kesko Oyj. Ellex advised the buyers.
Sources report that KS Holding intends to invest a further EUR 16 million into the Latvian shopping center.
The Fort team was headed by Partner Janis Likops and included Attorney at Law Roberts Prusis.