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The Latvian office of Cobalt, working alongside Clifford Chance, has advised joint lead managers Barclays, BNP Paribas, and Credit Agricole CIB on the issue of a ten-year EUR 1.250 billion Eurobond by the Republic of Latvia, setting a yield at 0.105% and a coupon of 0.000%. Allen & Overy reportedly advised the Republic of Latvia on the issuance.

The Latvian office of Sorainen has advised Cesu Alus, the largest and oldest brewery in Latvia that is part of the Olvi Group, Finland’s third largest brewery, on the acquisition of Piebalgas Alus. The completion of the acquisition is subject to approval by the Latvian Competition Council.

Cobalt has advised Austrian railway and infrastructure constructor Swietelsky AG on winning a EUR 237 million contract to build the Rail Baltica station and related infrastructure at the Riga International Airport. The contract was awarded in a public procurement procedure by Eiropas Dzelzcela linijas SIA, the implementing body of the Rail Baltica project in Latvia.

Ellex Klavins has advised SG Capital Partners Fund I on the acquisition of a 90,000 square meter logistics complex near the Plavinieki and Dreilini districts in Riga by acquiring shares in SIA Beinits and SIA Balt Cargo Solutions from a group of private investors. The sellers were reportedly advised by Rasa, Esenvalds, and Radzins. Financial terms were not disclosed.

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