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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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