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Sorainen Advises Orion Asset Management on Acquisition of Pletros Investicijos

Sorainen Advises Orion Asset Management on Acquisition of Pletros Investicijos

Lithuania
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Sorainen has advised investment management company Orion Asset Management on the acquisition by its SPV-39 subsidiary of Pletros Investicijos, the company managing the "Palanga Bypass" — a 8.25 part of the road from Klaipeda to Liepaja in Lithuania — via a public-private partnership.

The public-private partnership agreement, valued at EUR 35.8 million, was signed in April 2013, and the bypass, which connects Vydmantai junction with Lithuania's Palanga Airport, was opened in 2015.

The Sorainen team consisted of Partner Kestutis Adamonis and Senior Associate Lina Barniskiene.

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