Adven Group companies in Latvia join a global group financing

Adven Group companies in Latvia have joined to the consolidated financing available to the Adven Group globally, and the financing has been secured by commercial pledges.

Latvian companies joining the Adven Group’s globally consolidated financing for its companies will provide a safe and predictable funding for the planned investments in the further development and modernization of the district heating systems.

Client Adven was advised on the aspects of the financing transaction in Latvia by Inga Priedīte, Ellex Senior Associate for ​​finance and tax and mergers and acquisitions practices, and the transaction was led by Valters Diure, Associate Partner, and co-head of the finance and tax practice.