TGS Baltic has advised Latvian agricultural cooperative LPKS Latraps on the EUR 8 million issuance and listing of bonds on the Nasdaq Riga First North alternative market with Signet Bank as the arranger.
According to TGS Baltic, "the purpose of the agricultural cooperative bond issue is to raise funds for the establishment of SIA ASNS Ingredient, the most modern production plant for pea protein isolate in Northern Europe. The production process of pea isolate is technologically very complex and investment intensive. In addition to the construction of the plant, the external partners of ASNS Ingredient will also develop heat and energy supply, water treatment, and biogas production, which will be as outsourced services. Thus, the total investment in the project will reach more than EUR 150 million."
The TGS Baltic team included Partner Inese Hazenfusa and Associate Martins Galzons.
