COBALT advises Alexela Oil on acquisition of Euro Oil petrol stations

COBALT advises Alexela Oil on acquisition of Euro Oil’s 24 petrol stations. The entry into force of the deal will increase the number of Alexela Oil’s fuel stations in Estonia to 100, making Alexela the biggest petrol station chain in Estonia by number of stations.

Alexela Oil was established in 1993 and 77 percent of the shares are owned by energy company Alexela Group. Skinest Group owns 22 percent of the shares. Alexela Oil is a long-term client of Cobalt.

Our work comprises assisting the client in drafting and negotiating the transaction documents. The client was advised by Partner Peeter Kutman and Associate Liina Saaremets.

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