Major Forestland Acquisition In Latvia

Following a share purchase agreement signed just a month earlier, on 13 December 2024 a highly regarded client of Ellex in Latvia closed the transaction that involved acquisition of over 8000 hectares of forestlands, situated in various parts of Latvia. The transaction involved acquisition of shares of two Latvian companies owned by a Swedish public investment fund.

The transaction value and details are confidential.

By investing into Latvian high-value forests, client's intention is to strengthen its commitment to responsibly manage, maintain and harvest raw material sources for its business needs. The client is committed to ensure that as a result of the transaction its activities foster a positive contribution to the environment and local economies, in close collaboration with local businesses and communities. The acquisition also provides the client an opportunity to explore how innovative forest management practices can enhance climate resilience and