The Latvian office of Fort Legal has advised private equity fund ZGI-4 on its investment of EUR 2 million in HansaMatrix.
Derling Primus has advised Skoda Vagonka on its agreement with Pasazieru Vilciens for the production and supply of 32 electric trains in Latvia. The contract for the purchase of electric trains, which includes staff training, equipment for maintenance and a spare parts fund, is worth almost EUR 242 million.
Sorainen and Mannheimer Swartling have advised telecommunication company Bite on its agreement with Tele2 to create a shared radio access network in Lithuania and Latvia. TGS Baltic and Vinge advised Tele2.According to Sorainen, the partnership is expected to boost the 5G network development process and benefit for the development of modern economies in Latvia and Lithuania. It will also enable companies to increase service quality for their clients by offering a wider, stronger network and optimizing each party’s network infrastructure maintenance and development costs.
Primus Derling has advised Besix ReRe Group, consisting of N.V. Besix S.A. from Belgium and SIA Rere Buve from Latvia, on its agreement with Eiropas Dzelzceļa llnijas to develop the complex building design and construct the Rail Baltica Riga railway bridge, earth bank, and Riga Central Passenger Station.
Cobalt has advised the shareholders of the TMB Group on the sale of its Finnish and Latvian operations to the Consolis Group, a European supplier of precast concrete solutions, acting through is Finnish entity, Parma Oy. Ellex Raidla, acting with Finland's Krogerus and Sweden's Setterwalls law firms, advised the buyers.