MAGNUSSON ADVISES CITY OF RIGA ON SALE OF ROAD CONSTRUCTION COMPANY
AS “CEĻU PĀRVALDE” is one of the leading road construction companies in Latvia. By concluding an agreement with AS „RĪGAS SANITĀRĀ TRANSPORTA AUTOBĀZE”, the Riga City Municipality has sold 88.73% of the shares in AS “CEĻU PĀRVALDE”.
Although a number of domestic and foreign applicants were interested in the purchase of the shares, AS „RĪGAS SANITĀRĀ TRANSPORTA AUTOBĀZE” was the only potential buyer that met the requirements of the Riga City Municipality of submitting by 25 February 2013 a bid for the approved purchase price, which was based on the pre-crisis market evaluation.
Pursuant to the provisions of the share purchase agreement, the total purchase price was paid on 22 April 2013 and exceeded the evaluation of the shares by LVL 94,000. Consequently, the Riga City Municipality received LVL 6,206,400 (approx. EUR 8.8 million).
The shares sale process was organised by Magnusson in cooperation with the corporate finance advisers from Behrens SIA.
MARTIN HIRVOJA AS AN EXPERT SPEAKER AT THE ST. PETERSBURG INTERNATIONAL LEGAL FORUM
Martin Hirvoja, attorney-at-law from Magnusson Tallinn Office, participated as an expert on the panel on How to Make Government Oversight Amiable yet Effective: Presentation of a New Draft Bill on State Control and Supervision of Russian Federation.read more
MAGNUSSON WARSAW ADVISES VASTINT ON SALE OF THREE OFFICE BUILDINGS IN WROCŁAW
Magnusson Warsaw represented Vastint Poland in the process of selling three office buildings being a part of Business Garden Wrocław. The property was purchased by the Philippine fund ISOC Group.read more
MAGNUSSON FINALISES ONE OF SWEDEN'S LARGEST REAL ESTATE LAWSUITS
The case concerned the termination of a site leasehold right concerning Berg's oil port located in Nacka. Oil depot activities have been conducted on the property since 1959. Nacka municipality has during the last twenty years planned to create a denser and more mixed urban development on western Sickla island, where the property is located.read more
MAGNUSSON WINS IN SWEDEN’S ENVIRONMENTAL COURT
Magnusson has successfully represented Varbergs Bostadsaktiebolag in the Environmental Court in a case concerning exemption from the prohibitions in the biotope protection provisions in the Environmental Code.read more