COBALT advised Alexela Energia on a transaction where Alexela is to acquire the natural gas portfolio of Adven Eesti and the latter is to buy the natural gas distribution company Gaasienergia AS from Alexela. The companies said that the transaction will provide both Alexela and Adven the chance to focus on their main activity. The price of the transaction is not disclosed.
Alexela Energia is a 100% Estonian capital-based company that belongs to the Alexela Group. Alexela is a long-term client of Cobalt.
Our work comprised assisting the client in drafting and negotiating the transaction documents. The client was advised by Partner Peeter Kutman.
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