Sorainen has advised Wihuri, a Finnish company operating in technical trading, on the sale of its Estonian, Latvian, and Lithuanian subsidiaries to Avesco. Derling advised Avesco on the deal.
According to Sorainen, “the transaction was complicated due to the fact that it involved resolving a series of technical pre-closing arrangements and simultaneous closing in three jurisdictions.”
The pan-Baltic Sorainen team was led by Partner Pekka Puolakka and included, among others, Senior Associate Jonas Kiauleikis and Associates Natalija Sestakova and Kai Vainola.
The Kronbergs Cukste Derling team was led by Latvian Managing Partner Valters Kronbergs and included Partner Zane Veidemane-Berzina and Associate Liva Aleksejeva. They were assisted in Estonia by Partner Kristen Alvin of Glikman Alvin and in Lithuania by Dominas Derling Partner Gediminas Dominas and Domas Sileika.