TGS Baltic, working with Cederquist, has advised Kinnevik on the sale of its entire holding in Tele2 to Freya Investissement for a total of SEK 13 billion.

It is a time of transformative change for the Baltic region, according to Spridzans, Snipe & Hramcenko Partner Ansis Spridzans, considering important developments like the Rail Baltica project connecting Tallinn, Riga, and Vilnius in the Baltic states with Central Europe, the growth of fintech and cutting-edge finance, and the impact of ESG on the Latvian banking and finance sector.

TGS Baltic and Juzala Salwa have advised CVI on its full acquisition of APF Holdings' EUR 7 million private bond placement.

TGS Baltic and Djingov Gouginski Kyutchukov & Velichkov have advised Ifco Systems on its acquisition of Bepco. RASK advised Rostock Capital, Navitas, and Green Technology on the sale.

Cobalt has advised Latvian national carrier AirBaltic on its agreement with UPB Nams for the construction of the Baltic Cargo Hub at the Riga Airport, as well as on the related agreements with Riga Airport and design and construction agreements.

Former Senior Associate Zane Sedlova has been promoted to an Associate Partner position at TGS Baltic in Latvia.

Walless has advised the Med Grupe shareholders on the sale of their pan-Baltic dental equipment distribution business to Straumann. Sorainen reportedly advised the Straumann Group.

TGS Baltic has advised Darda on its EUR 1.3 million sale of a 3,777-square-meter plot in the center of Riga to Satekles Business Center 2 for the development of a new office complex. Sorainen reportedly advised the buyer.

TGS Baltic has advised Lielais Lauks on the EUR 460,000 sale of a 3.19-hectare land plot in Adazi, Latvia, to Kinetics Nail Systems, which plans to construct a new factory.

Former Ellex Partner Andris Lazdins and former PwC Legal Head of Corporate and M&A Janis Gavars have joined forces to open a new law firm: Lazdins Gavars.

Cobalt has advised Baltic real estate developer Capital Mill on the sale of its 3.3-hectare industrial property located at Granita Iela 17, in Riga, to Proks Capital in a share transaction.

Wolf Theiss and Cobalt have advised Accession Capital Partners Credit on a EUR 10 million credit facility granted to Mogo IFN.

Cobalt has advised the ERB Rail JV consortium – formed by France's Eiffage Genie Civil, Poland's Budimex, and Italy's Rizzani de Eccher – on the public procurement process and the EUR 3.7 billion contract for the construction of the Rail Baltica mainline in Latvia with SIA Eiropas Dzelzcela Linijas.

TGS Baltic has advised iCotton on its EUR 20 million issuance of secured bonds in collaboration with the Signet Bank. Deloitte Legal reportedly advised iCotton as well.

Looking into the historical context of Scandinavian foreign direct investment in the Baltic states, TGS Baltic Managing Partner Ivars Grunte, Walless Partner Rolan Jankelevitsh, Ellex Valiunas Partner Ruta Pumputiene, and Klauberg Baltics Managing Partner Theis Klauberg explore the economic and legal ties between the two regions.

Amendments to the Latvian Taxes and Duties Law came into effect on June 30, 2023. The aim of these amendments was to enhance the efficiency of the tax control system.

Zane Bule-Mitka and Zane Veidemane-Berzina have been appointed as Associate Partners at Ellex Klavins.

Cobalt has advised Warmeston on its EUR 32 million acquisition of the Broceni cogeneration plant and pellet factory in Latvia from Enefit Green. TGS Baltic advised Enefit Green.