Latvia: Hong Kong investor buys full control of Food Union Group

Hong Kong-based investment firm PAG Private Equity will acquire full control of Latvia’s Food Union Group, which produces ice cream and other frozen foods, LSM reports. PAG expects to complete the transaction in the first quarter of 2024. Food Union will continue under present management and business structure. PAG has been an investor in Food…

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Estonia: Chinese cargo ship suspect in gas pipeline, data cable damage

Finnish authorities announced that the prime suspect in the damage to the Balticconnector gas pipeline between Finland and Estonia is the Chinese cargo ship, NewNew Polar Bear, YLE reports. The damage to the gas pipeline and Finnish and Swedish telecommunications companies Elisa’s and Arelion’s data cables coincided with the ship’s journey, Reuters reported. The Finnish…

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