COBALT advised DA Agravis Machinery Holding on acquiring 55% of AS Konekesko Eesti

COBALT advised Danish Agro Group company DA Agravis Machinery Holding A/S on acquiring the remaining 55% of the shares in AS Konekesko Eesti, a company selling agricultural machinery. Previously, DA Agravis Machinery Holding was the holder of 45% of AS Konekesko Eesti’s shares, after an initial transaction completed between the same parties in 2017 and likewise advised by COBALT.

The Denmark-based Danish Agro Group is active in the sale of agricultural machinery and provision of after-sales services, as well as in the sale of animal feedstuff mixes, premixes and vitamin mixes, fertilizers, pesticides, seeds and the purchase of crops from farmers.

We advised the client throughout the entire transaction on matters relating to Estonian law, including advice on obtaining the merger clearance and on the merger proceedings of the Estonian Competition Authority and the European Commission. In the European Commission proceedings, we advised the client on the pre-notification process, drafting and submitting the merger filing as well as advising on possible obligations and drafting the relevant documentation. COBALT’s team consisted of partner Peeter Kutman, specialist counsel Jesse Kivisaari, senior associate Mart Blöndal and associate Liina Saaremets.

Please see the press release here.