Sorainen has advised Gren Latvija on its acquisition of Bioeninvest. Solo practitioner Justine Haka reportedly advised the sellers.
The transaction remains contingent on regulatory approval.
Gren Latvija is a green energy company based in Latvia, part of the Gren Group.
Bioeninvest is a district heating system operator in the town of Gulbene, providing heating to approximately 1,000 customers.
“I am delighted to see our growth in Latvia by acquiring green energy producer Bioeninvest,” Gren Group CEO Ilkka Niiranen commented. “We are confident that our international experience will bring positive development for the town of Gulbene and the customers.”
Sorainen’s team included Partner Nauris Grigals, Counsel Viktorija Cherkas, Senior Associates Marika Grunte, Zanda Frisfelde, Andris Vilisons, and Maris Simulis, and Associates Ieva Zarina and Julija Triscuka.
