PSA OÜ acquired Pärnu Sadam from AS Transcom

PSA OÜ acquired the shares of AS Pärnu Sadam from its co-shareholder AS Transcom. AS Transcom owned 50% of the shares in AS Pärnu Sadam. The transaction price is confidential.

AS Pärnu Sadam is one of the most successful companies in Pärnu, which organises ship traffic in the port, provides stevedoring services and manages the warehouses and storage facilities on the territory of the port. The port’s services include loading and unloading of vessels, warehousing of goods and towing of vessels. The port is visited by more than 500 merchant vessels a year and handles approximately 2 million tonnes of goods per year.

COBALT advised the client on all aspects of the transaction, including the transaction documents and negotiations. Our team consisted of Managing Associate Ott Aava, Senior Associate Kerli Salu and Associate Elis Toim.