Ellex Valiunas has advised Estonia's Inbank on its acquisition of 100% of the shares of UAB Mokilizingas from shareholders AS LHV Group and UAB Inovatyvus Prekybos Sprendimai. The transaction, which is valued at EUR 15 million, is expected to close before May 31, 2018.
The European Commission has just published its comprehensive proposal for the so-called "New Deal for Consumers", which aims to strengthen EU consumer rights and enforcement. This includes the proposal for a new Directive enabling certain qualified entities to seek redress on behalf of consumers who have been harmed by an unlawful commercial practice.
Sorainen has advised Henkell & Co.-Gruppe, a Germany-based international producer and distributor of alcoholic beverages that belongs to the Oetker Group, on the acquisition of a majority stake in Filipopolis, an importer and distributor of alcoholic drinks in Lithuania. Glimstedt advised Filipopolis on the deal.
Bird & Bird's Warsaw office has advised a joint venture of two private Lithuanian energy groups, E-Energija and Sun Investment Group, on the acquisition of a 42 MWp portfolio of solar projects with a contract for difference secured under Poland's current support system for renewable energy (in the form of renewable auctions). The seller, Polish solar developer R.Power Renewables, was represented by White & Case.