Fort Legal has advised Eften Capital on its EUR 10 million investment in the construction of two nine-story multi-apartment buildings in Kaunas, together with the Etapas Group.
Although Lithuania cannot boast rich oil resources lying beneath its territory, a number of large oil industry facilities are successfully operating in the country. This suggests that Lithuania has sufficient technical capacity to import oil and petroleum products from various countries, as well as diverse and technically ensured possibilities of supplying petroleum products. Moreover, the country has secured the required amount of petroleum product state reserves, which affords protection against disruptions in their supply.
Shearman & Sterling and Sorainen have advised joint global coordinators and joint bookrunners Citigroup, Nordea, and Swedbank on Enefit Green's EUR 175 million Rule 144A / Regulation S initial public offering and listing on Nasdaq Tallinn. Cleary Gottlieb Steen & Hamilton and Ellex advised Enefit Green and its owner, Eesti Energia.