Ellex Klavins provided Latvian advice and Titov & Partners provided Swedish advice to Latvian Forest Company AB on the sale of Its operating subsidiaries to the Svenska Cellulosa Aktiebolaget SCA group, which was advised by Glimstedt.
The Latvian Forest Company is a Swedish company that purchases and manages forest property in Latvia. The c ompany sold subsidiaries SIA Latvijas Mezu Kompanija and Baltic Forest IV SIA to SCA Mezs Latvija SIA, itself a wholly-owned subsidiary of Svenska Cellulosa Aktiebolaget SCA — a Swedish timber, pulp, and paper manufacturer with headquarters in Sundsvall, Sweden.
Partner Peteris Dalderis worked on the deal from the Ellex Klavins side and Partner Dimitrij Titov from the Titov & Partners side.
Glimstedt's team consisted of Partners Lauris Zubulis and Aldis Kalinks and Associates Roberts Ginters, Inga Damskalne, and Renate Riekstina.