ECRE IV (Lithuania), UAB entered into an agreement to acquire 100% stake in BH Duetto Uab from Baltic Horizon Fund (TLSE:NHCBHFFT) for €37 million on May 17, 2023. The exact sales price will be calculated on the closing date; however, the price may be subject to post-closing adjustments. The proceeds of the transaction will be used mainly to partially redeem the new bond and invest into the centrally located assets of the Fund.

Closing of the transaction is expected to take place at the latest by 12 June 2023.