Eversheds Sutherland Ots & Co has advised Lindstrom Oy on its acquisition of an unidentified textile service and laundry group in Estonia.
Estonia is probably best known for its IT businesses and startups. At the same time its population density is among the lowest in Europe, which means that forestry and agriculture are also topics to look into. Due to the country’s geographical location and climate, Estonia is well-suited for dairy farming, and the Estonian islands and seaside regions are also very good for beef cattle farming. Agricultural subsidies provided by the European Union and the Estonian government have resulted in some of the most modern dairy production facilities in the world, making the Estonian average cattle herd size the second-highest in Europe. As a result of state-of-the-art genetics, the average milk production per cow is over 9,300 kilos per annum – the second highest result in Europe, right after Denmark. As a consequence, foreign investors have turned to Estonia for investment possibilities. Here we would like to look more into the possibilities of investing in Estonian agriculture and what to bear in mind.
RASK attorney-at-law Siret Saks has provided pro bono advice to the Estonian National Culture Foundation, helping it resolve issues concerning the will and testamentary estate of Tiiu Alliste, important to the launch of the new Harmatali scholarship fund dedicated to the support of Estonian children’s literature.