The Latvian office of Sorainen has advised Cesu Alus, the largest and oldest brewery in Latvia that is part of the Olvi Group, Finland’s third largest brewery, on the acquisition of Piebalgas Alus. The completion of the acquisition is subject to approval by the Latvian Competition Council.
According to Sorainen, “the acquisition by Cesu Alus will allow the widening of Piebalgas Alus’s distribution network and continue its development in brewing unique beer varieties in the traditional and craft beer segments. The acquisition will also contribute to the further economic growth of the Vidzeme region.”
Sorainen’s team included Country Managing Partner Eva Berlaus, Partner Ieva Andersone, Senior Associate Linda Reneslace, and Associate Liva Aleksejeva.
Sorainen did not reply to our inquiry on the matter.