COBALT advised Ekspress Grupp in acquisition of Babahh Media

COBALT advised AS Ekspress Grupp, a leading media group in the Baltic countries and listed on Tallinn Stock Exchange, in acquiring a 49% holding in Babahh Media OÜ, a company that engages in video production, media solutions and sale of video related infrastructure solutions in Estonia.

The goal of the acquisition is to expand Ekspress Grupp’s business in the quickly changing area of video production and video transmission on the Internet. AS Ekspress Grupp also secured the option to acquire additional shares in Babahh Media OÜ in 2021, as a result of which its holding in Babahh Media OÜ’s share capital would increase to 70 percent in total.

Our work involved preparing transaction documents and negotiating terms and conditions.

The COBALT team advising on the transaction included partners Peeter Kutman and Kristel Raidla-Talur with associate Greete-Kristiine Kuru.

Please see the press release from here.