We Represented the Shareholders of Baltic Retail Properties in the Sale of a 70 Percent Shareholding to the Fund CPA®:17
We represented the shareholders of Baltic Retail Properties, BRP (the President of Kesko Senukai Artūras Rakauskas, the founder of Senukai network Augustinas Rakauskas and the investment group Žabolis ir partneriai) in the sale of a 70 percent shareholding to the US company W. P. Carey’s managed fund CPA®:17 – Global and a 10 percent shareholding to Kesko. In the Baltic countries, BRP possesses 19 commercial and logistics buildings that are leased to Kesko-Senukai (leading DIY operator in the Baltics). Following this transaction, BRP shareholders hold 20 percent of BRP shares. This has been the largest real estate portfolio transaction in the Baltic region this year.
Ellex Raidla team involved Partner Martin Käerdi and Senior Associate Alla Kuznetsova , In Latvia the client was advised by Senior Associate Māris Brizgo and in Lithuania – Associate Partner Indrė Jonaitytė-Gricė, Senior Associate Donata Montvydaitė, Partner Tomas Milašauskas, Senior Associate Rūta Besusparytė and Senior Associate Laurynas Narvydas.
Read more HERE.