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COBALT advised media group Ekspress Group on acquisition of Delfi portals

2007-08-02

Partner Peeter Kutman and Attorney at Law Kristel Raidla advised Ekspress Group, the largest media company in the Baltics on acquisition of the group managing Internet portals “Delfi” which operates in the Baltic region and the Ukraine. The value of the deal amounted to EUR 54 mio. The office was assigned to carry out the due diligence in all three Baltic countries, also assist the client on negotiations of the sale and purchase agreement and to apply the merger clearance from the competition authorities.