FORT advises Södra on one of the biggest deals with forest land in the history of Latvia
FORT provided legal assistance to its client Södra Skogsägarna ekonomisk förening with regard to acquisition of the shares of SIA Bergvik Skog and SIA Ruda, thus acquiring real properties with a total value of 324 million euros.
A team of FORT attorneys and lawyers under management of partner Jānis Līkops performed legal due diligence review of the target companies and their assets from the aspects of litigation, environmental protection, corporate law and other areas of law, as well as advising the client on entering into the share purchase transaction.
“We are delighted that we were able to help the client in this transaction, which is one of the currently largest transactions of such kind in terms of scope in the forestry industry, not only in Latvia,” Jānis Līkops acknowledges.
Södra Skogsägarna ekonomisk förening is one of the largest forest owner companies in Sweden. The principal business of Södra is related to forestry turning wood pulp into lumber and paper, as well as using it for generation of energy from renewable sources. Södra is operating in Latvia through its subsidiary SIA “Sodra mežs”, which already owned 15,000 hectares of forest land before