Ellex Raidla advised Cinamon Holding in the acquisition of Latvian radio station
Ellex Raidla advised Cinamon Holding OÜ in the acquisition of Radio SWH AS in Latvia, which owns and operates a group of leading privately owned commercial radio stations in Latvia. Radio SWH AS was purchased from Communicorp Group Limited, an Irish private media group. The transaction was completed on September 24. Railda Ellex cooperated with Ellex Klavins in Latvia and Estonian team was led by counsel Martin Käerdi.
Radio SWH AS was established 22 years ago as the first commercial radio station in Latvia. In 2007 it was acquired by Communicorp that developed the business into a leading commercial radio group. Cinamon Holding OÜ is a privately owned holding company whose previous acquisitions include a pan Baltic chain of multiplex cinemas operated under Cinamon brand.
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