Sorainen has advised the Vienna Insurance Group on the acquisition of the remaining 9.17% shares in BTA Baltic Insurance Company from AAS Balcia, making VIG the company's sole shareholder.
The Vienna Insurance Group is an insurance group in Austria and Central and Eastern Europe. According to Sorainen, “around 50 insurance companies in 30 countries form a group that has a long-standing tradition, strong brands, and close customer relations.”
BTA Baltic Insurance Company offers a range of non-life insurance services in Latvia, Lithuania, and Estonia.
Sorainen’s team in Latvia included Managing Partner Eva Berlaus and Senior Associates Zanda Frisfelde and Zane Paeglite.