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Sorainen Helps Eurovia Gain a Foothold in Latvia

Sorainen Helps Eurovia Gain a Foothold in Latvia

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Sorainen has advised Eurovia – a subsidiary of VINCI, a transport infrastructure construction and urban development company, which operates in 15 countries and has 38,000 employees – on its acquisition of 68.75% shares in Saldus Celinieks, a Latvian builder of road infrastructure.

According to Sorainen, Saldus Celinieks, which was established in 1991, "specializes in road construction, extraction of aggregates, and asphalt production. The company employs over 350 people and owns asphalt production factories and laboratories in Talsi, Broceni, and Jekabpils."

Sorainen performed legal due diligence of Saldus Celinieks and its subsidiaries and assisted Eurovia in the share acquisition process by providing advice on Latvian law, drafting transaction documents, and concluding agreements.

The Sorainen Latvia team was led by Country Managing Partner Eva Berlaus with Senior Associate Renate Purvinska.

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COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

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