COBALT advised UAB EPSO-G on the acquisition of shares in AB Amber Grid from E.ON Ruhrgas International

COBALT advised UAB EPSO-G on the acquisition of shares in AB Amber Grid from the German company E.ON Ruhrgas International GmbH. It was one the most significant recent energy sector deals in Lithuania.

AB Amber Grid is the operator of Lithuania’s natural gas transmission system, responsible for the transmission of natural gas (transportation of natural gas through high pressure pipelines) to system users, and operation, maintenance and development of the natural gas transmission system.

COBALT assisted in structuring the deal and negotiating with E.ON Ruhrgas International GmbH, performed the legal due diligence of AB Amber Grid, drafted and co-ordinated the sale and purchase agreement and related documents, assisted with merger clearance and provided legal advice to UAB EPSO-G on all related matters. The team was led by Elijus Burgis, Partner, COBALT.