Sorainen has advised Sodra Skogsagarna Ekonomisk Forening on the divestment of its Latvian and Estonian forest holding companies covering approximately 153,000 hectares to Ingka Investments via a transaction valued at EUR 720 million. Ellex advised Ingka.
The transaction remains subject to regulatory approval.
Ingka Investments is the investment arm of Ingka Group.
According to Sorainen, the sale aligns with Sidra’s strategy to concentrate on managing member-owned forest properties in Sweden.
The Sorainen team included Latvia-based Managing Partner Eva Berlaus, Partner Aija Lasmane, and Senior Associate Natalija Esenberga and Estonia-based Senior Associate Mirjam Vichmann.
The Ellex team included Latvia-based Managing Partner Liga Merwin and Partner Inita Jurka and Estonia–based Managing Partner Martin Maesalu, Partner Martin Kaerdi, and Senior Associate Karin Tartu.
