Investments

International Internet Magazine. Baltic States news & analytics Monday, 21.09.2020, 21:16

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Investors advised by J.P. Morgan buy Nordic, Baltic energy provider Adven

Investors advised by J.P. Morgan buy Nordic, Baltic energy provider Adven

18.09.2020

Investment companies Infracapital and AMP Capital announced on Friday that they have agreed the sale of their combined ownership interest in Adven, a leading provider of energy solutions across the Nordics and Baltics, to institutional investors advised by J.P. Morgan Asset Management, reports LETA/BNS.

Keyword tags: Energy, Estonia, EU – Baltic States, Funds, Good for Business, Investments



Saga shopping mall in Riga to open in November

Saga shopping mall in Riga to open in November

18.09.2020

Shopping mall Saga in Riga will open on November 10, as the mall's representatives told LETA.

Estonia joined the Three Seas Investment Fund

Estonia joined the Three Seas Investment Fund

17.09.2020

The board of the Three Seas Investment Fund, yesterday confirmed that Estonia joined the fund as core investor. The Government decided to participate in the Fund in April of this year and Estonia will invest up to 20 million Euros into the Fund.


Norwegian airlines to open international service center in Riga

Norwegian airlines to open international service center in Riga

17.09.2020

Norwegian low-costs airline Norwegian Air Shuttle (Norwegian) will open an international service center in Riga, LETA learned from the Latvian Investments and Development Agency.

Lithuania`s Ignitis and Sun Investment concluded the largest deal for development and acquisition of solar parks in Central Europe

Lithuania`s Ignitis and Sun Investment concluded the largest deal for development and acquisition of solar parks in Central Europe

17.09.2020

Ignitis Group is increasing the portfolio of projects of green generation. Ignitis renewables, subsidiary of Ignitis Group, signed an agreement to acquire a portfolio of solar parks in Poland from the solar developer Sun Investment Group (SIG). The total capacity of these projects will reach up to 170 MW, Ignitis Group`s representative informed BC.


17.09.2020

Latvia`s iCotton plans to purchase diaper production line for EUR 2.007 mln

Liepaja hygiene products maker iCotton plans to purchase a diaper production line with automatic packaging for EUR 2.007 mln, according to information published on the internet website of the Procurement Supervision Bureau writes LETA/BNS.

17.09.2020

Eesti Energia wants to build EUR 280 mln methanol plant

As part of East-Viru County plans for a fair transition to sustainable economy, Estonia's state-owned energy group Eesti Energia seeks to build a methanol production complex in the county, the estimated cost of which will be 280 million euros, reports LETA/BNS.

16.09.2020

Estonian Sentinel raises over EUR 1 mln in investment

Sentinel, an Estonian defense technology startup founded by NATO's artificial intelligence and cyber defense experts, raised 1.35 million U.S. dollars, or approximately 1.14 million euros, in investment, the daily Postimees writes, cites LETA/BNS.

15.09.2020

Medical technology firm Dexcom to open services center in Vilnius in 2021

US medical technology company Dexcom is set to open a global business services (GBS) center in Vilnius next year, Invest Lithuania said.

15.09.2020

EU funds will not be available for purchase of diesel trains in Latvia

EU co-funding will not be available to purchase of Pasazieru Vilciens diesel trains, said the company's board chairman Rodzers Janis Grigulis in an interview with commercial TV3 television on September 14th, cites LETA.

14.09.2020

Leonhard Weiss to build viaduct on Paldiski Road in Tallinn

The Estonian state-owned railway infrastructure company Eesti Raudtee and construction company Leonhard Weiss OU have signed an agreement on the design and construction of a viaduct on Paldiski Road in Tallinn, the cost of which is slightly over 1.5 million euros, informs LETA/BNS.

14.09.2020

Skinest Group promises resume production in Dzintars cosmetics company in October

Estonian industrial group Skinest Group plans in October to resume production in Dzintars cosmetics company, BC learned from Skinest Group representatives.

14.09.2020

Ignitis Group to develop offshore wind farms with global energy leader Ocean Winds

Ignitis Group started the search for a strategic partner for the development of offshore wind farm projects in Q1 2019. After initiating a search, the group established a dialogue with European wind energy leaders and received initial interest from more than 10 potential partners, and 7 participants submitted official Expressions of Interest (EOIs).

14.09.2020

Elering to reconstruct Tartu-Valmiera high-voltage line

Estonian transmission system operator (TSO) Elering on Monday concluded an agreement with AS Connecto Eesti for the reconstruction of the 330 kilovolt power line between Tartu and the Latvian city of Valmiera in the section located in the territory of Estonia for approximately 26 million euros exclusive of VAT, informs LETA/BNS.

14.09.2020

Burner of hazardous waste eyeing new incineration plant in Estonia

After the discontinuation of the production of cement clinker at the cement plant of Kunda on Estonia's north coast that used to be the biggest incinerator of hazardous waste in Estonia, the incineration plant of Epler & Lorenz in Tartu is the sole hazardous waste incinerating facility in the whole country, informs LETA/BNS.

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