Sorainen has advised DEG on the acquisition of a stake in Belgips, a Belarusian manufacturer of gypsum-based building materials. Belgips was reportedly advised by Egorov Puginsky Afanasiev & Partners.
The acquisition followed Belgips's implementation of an investment project involving the construction of a new highly automated and energy-efficient plant in Gatovo, Belarus.
According to Sorainen, "DEG finances long-term private-sector investments in developing and emerging markets that act as a driver for sustainable development. DEG is a wholly-owned subsidiary of KfW, a German promotional bank aimed at sustainable economic, social, and ecological development in Germany and worldwide."
Sorainen's team included Partner Maksim Salahub, Senior Associates Alexey Fidek and Ann Laevskaya, and Associate Aliaksei Vashkevich.