CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Fort Advises on Sale of Shopping Center Azur in Latvia
Fort has advised an ATRIUM group company in its EUR 12.5 million sale of the Shopping Centre Azur by means of a transfer of shares in SIA MD Galerija Azur to UAB KS Holding, a company registered in Lithuania, which is indirectly owned by Finnish trade group Kesko Oyj. Ellex advised the buyers.
Sources report that KS Holding intends to invest a further EUR 16 million into the Latvian shopping center.
The Fort team was headed by Partner Janis Likops and included Attorney at Law Roberts Prusis.
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