Primus Derling has advised AS Sakret Holdings on its issuance of 5-year bonds worth almost EUR 4 million and the registration of collateral for them in Latvia, Lithuania, and Estonia.
According to Primus Derling, “it is planned for those bonds to be included in the Nasdaq Riga First North alternative market in early 2020.”
The Sakret Group is a manufacturer of dry mixes and ready mixes for construction. It operates production units in Riga, Latvia, Kedainiai, Lithuania, and Paide, Estonia.
The Primus Derling team was led by Latvian Partner Zane Eglite-Fogele and included Latvian Senior Associate Kristine Sakarne. Lithuania-based Senior Associate Greta Bagdanaviciute and Estonia-based Senior Associate Piret Luiga worked on the deal as well.