COBALT advised Elektrum Eesti on the acquisition of three energy companies

COBALT advised Elektrum Eesti on the acquisition of 100% stakes in Energiaturu Võrguehitus, SNL Energia, and Baltic Energy System.

The main activities of the companies acquired are the construction, maintenance, and rental of power plants with everything associated with it, helping companies to save electricity network and connection costs, increase or decrease capacity and rebuild an existing electricity connection according to changing needs. According to the Chairman of the Board of Elektrum Eesti Andrus Liivand, the acquisition of this group of companies is part of their strategy and enables them to expand their operations into new product segments and business lines.

Our work involved advising the client throughout the transaction, including drafting transaction documents, conducting negotiations and a legal audit, and applying for a permit of the Competition Authority. The COBALT team included Specialist Counsel Ott Aava, Senior Associate Mart Blöndal, Associate Kerli Paasoja, and Assistant Lawyer Elis Toim.

Find out more here: Elektrum Eesti press release.