COBALT advises Marguerite Fund in the acquisition of a 28.97% stake in AS Latvijas Gaze

COBALT advised Marguerite Fund in connection with the acquisition of 28.97% of the shares of AS Latvijas Gāze, the vertically integrated gas company in charge of the transmission, distribution, storage, and supply of natural gas in Latvia.

The seller of the shares Uniper Ruhrgas International GmbH (formerly E.ON Ruhrgas International GmbH) will remain shareholder of AS Latvijas Gāze with 18.26% of shares.

Marguerite Fund has been established with support from six leading European financial institutions (Caisse des Dépôts et Consignations, Cassa Depositi e Prestiti, European Investment Bank, Instituto de Crédito Oficial, KfW and PKO Bank Polski) and the European Commission to make capital investments in infrastructure within 28 Member States of the EU. Marguerite Fund is advised by Marguerite Adviser S.A., an independent advisory company.

COBALT performed legal due diligence of AS Latvijas Gāze and provided comprehensive legal advice and support to Marguerite Adviser S.A on all Latvian law related matters throughout the transaction process.

COBALT team included Partner Guntars Zile and Senior Associate Martins Tarlaps.