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Tark Grunte Sutkiene provided legal assistance to Skandinaviska Enskilda Banken AB (SEB) regarding amendments and new wording of the existing loan agreement for the loan amount of EUR 103,370,085, in connection with the acquisition by Laurus Properties of the commercial real estate portfolio from Geneba Properties N.V., which is mortgaged in favour of Skandinaviska Enskilda Banken AB (SEB). The portfolio consists of 42 commercial buildings with the total area of 84 000 sq. m., of which the largest part is used by the Baltic branches of SEB Bank.
Tark Grunte Sutkiene successfully represented bankrupt Ūkio Bankas in a dispute against Boslita and Co, a sparkling wine and wine beverages producer, on the EUR 14.6 m loan recovery.
Tark Grunte Sutkiene provided legal assistance to SEB bank Latvia regarding a long-term syndicated loan to Linstow group enterprises. SEB bank acting also as the agent and Danske Bank together issued a loan of 76 million euros to the Linstow group companies, and each of the banks financed a half of the loan.
Tark Grunte Sutkiene advised Micro Matic, which is a worldwide market leader in the supply of keg spears and dispense heads to the brewing industry, on acquisition of a land plot and factory buildings in Kaunas and also financing of the respective transaction.
The Scandinavian financial group Swedbank has received the green light to take over a part of the Latvian and Lithuanian retail banking businesses and a part of the leasing business in Lithuania of Danske Bank, one of the Northern Europe’s leading financial institutions, after respective competition authorities and financial market authorities in both the countries have cleared the transition.
AB INVL Baltic Real Estate, an investment company specialising in investments into real estate, successfully allocated over EUR 9 million share issue on the NASDAQ OMX Vilnius. The Company's shares were admitted for trading on the regulated market at the beginning of March 2016.
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