COBALT advises on sale of Alexela Petrol network to Neste

Partner Peeter Kutman and senior associate Ave Piik advised Alexela, owner of the largest number of petrol stations in Estonia, on the sale of its Lithuanian petrol station network to NASDAQ OMX Helsinki listed Neste Oil.

Our specialists drafted and negotiated the transaction documents and carried out the closing of the deal. In 2006, our firm advised Alexela on its acquisition of the Baltic subsidiaries of Hydro Texaco A/S operating the Uno X stations.