COBALT advised leading media group Ekspress Grupp on acquisition of 50% of the company Linna Ekraanid OÜ, which sells digital outdoor advertising in Estonia. The purpose of the acquisition is to create preconditions for AS Ekspress Grupp to set off a new business line, thereby enlarging the group’s business areas portfolio. AS Ekspress Grupp’s purpose is to develop a digital outdoor advertising business line in every Baltic country and take the leading role in the market. Ekspress Grupp will also acquire the remaining 50% of the shares of Linna Ekraanid OÜ in the second quarter of 2019 to become the company’s sole shareholder.
Our assignment comprised advising the client throughout the transaction, including preparing transaction documents and holding negotiations.
From COBALT, the client was advised and represented by partner Kristel Raidla-Talur and associate Greete-Kristiine Kuru.
Please read the press release from HERE.