COBALT advised Peranto OU on the sale of 100 percent of UAB Mockavos Terminalas shares

COBALT advised Peranto OU on the sale of 100 percent of UAB Mockavos Terminalas shares to AB Orlen Lietuva.

Peranto OU is a company registered in Estonia.

The Terminal in Mockava, which was built in 2017, including the land plot occupies the area of 40 ha. Its product storage capacity is 19 m³, and its loading capacity amounts to 1.2 million tons of liquid petroleum products a year.

With this acquisition, AB ORLEN Lietuva, a company owned by the Polish Oil Concern ORLEN, has taken over the control of the only liquid products loading terminal operated at Lithuania-Poland border.

AB ORLEN Lietuva is an important part of ORLEN Capital Group. It contributes to the creation of the value of the Group and generates significant financial effect. The Company closed the first quarter of the current year with USD 752.7 million revenue.

COBALT advised the client throughout the sales transaction process, including legal due diligence, assisted in negotiations and advised on all other related issues. COBALT team consisted of the Managing Partner Dr Irmantas Norkus and Managing Associate Deimantė Pagirienė.