News not to be missed

Eolus, a renewable energy developer, has sold a greenfield wind power project “Pienava” to Latvenergo, Latvia’s state-owned energy company. Eolus will continue to manage the development of this project until its completion. The wind farm is expected to start commercial..

Sõbra Ärikeskus recently completed the sale of four retail properties across Estonia. These properties, leased by Bauhof — one of Estonia’s leading construction retail chains, part of Vilniaus Prekyba group — and A1000, a popular grocery and household items retailer,..

Practica Capital, together with Earlybird Venture Capital, Inovo.vc, and a group of angels, has provided a record-breaking USD 17 million seed round in the Baltics for sintra.ai. sintra.ai is a fast-growing platform already helping over 40 thousand small businesses in..

The essential water and sewerage service provider in Latvia, SIA “Rīgas ūdens”, owned by the Municipality of Riga, has successfully raised EUR 20 million in its first public offering of European Green Bonds. The nominal value of each bond is..

Combiwood Grupp OÜ has reached an agreement with the shareholders of AS Toftan, under which Combiwood will acquire 100% of shares in AS Toftan. Completion of the transaction is subject to merger clearance from the competition authority. Following the acquisition,..

Latvia’s state-owned development finance institution, ALTUM, has successfully issued 5-year bonds, raising EUR 70 million with a fixed annual interest rate of 3.576%. This marks the first issuance under ALTUM’s fourth bond issue program, which has a total value of..

Hansab Group, a leading provider of technology solutions across the Baltics, has acquired a majority stake in Finnish smart lighting company C2 SmartLight, marking its strategic expansion into the Nordic market. With over 30 years of experience, Hansab is known..

Polish VC fund Balnord and Lithuania-based Coinvest Capital have contributed to a EUR 2.8 million seed round in Astrolight to support its mission of developing an end-to-end laser communication system. Astrolight, previously selected for NATO’s DIANA program and ranked among..