PwC Legal has advised Pohjanmaan Osuuspankki on the sale of majority holdings in White Beach Development AS and WBG Klubihoone OU, which make up the White Beach Golf course, to Rae Golf OU.
Rae Golf is an Estonian sports company with a primary focus on golf. White Beach Golf is an 18-hole golf course located near Valgeranna Beach, in Parnu County, Estonia,
Pohjanmaan Osuuspankki is a Finnish financial group that offers retail banking services to private customers, small- and medium-sized companies, agricultural and forestry companies, as well as non-life insurance services to private customers.
According to PwC Legal, “as a result of the transaction golfers will be able to play golf on Rae Golf Course in Harju County and Valgeranna in Parnu County with one membership pass. This collaboration aims to multiply the number of people playing golf in Estonia.”
PwC Legal’s team included Managing Partner Karin Marosov and Attorneys Indrek Ergma and Ingeri-Helena Kakko.
PwC Legal did not reply to our inquiry on the matter.
