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      KPMG Latvia advises Škoda Group on the acquisition of a 36% stake in SIA L-Ekspresis

       

      KPMG Latvia advised Škoda Group, one of Europe’s leading manufacturers of rail and urban transport solutions, on its acquisition of a 36% stake in SIA L-Ekspresis. The Latvian company specialises in the maintenance, servicing, repair and modernisation of railway vehicles and has more than 30 years of experience in the Latvian railway industry.

      KPMG acted as buy-side adviser and performed financial and tax due diligence. The transaction structure also includes a call option for the remaining 64% stake by the end of 2028.

      The investment in SIA L-Ekspresis is in line with Škoda Group’s strategy to develop its long-term service business and strengthen its position in the Baltic market. Škoda Group aims to establish a railway maintenance and service hub for the entire Baltic region in Riga.

      The KPMG team involved in the transaction comprised Artūrs Petrovs, Jānis Selga, Boriss Ivanovs and Gļebs Bersenevs (financial due diligence), as well as Olga Jenāte and Arta Groma (tax due diligence).

       

      Source: Škoda Group Acquires a 36% Stake in L-Ekspresis | Škoda Group

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