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COBALT represented Amberwind in the acquisition by Kamineros grupe of joint control in the company

2015-07-10

COBALT represented Amberwind UAB, a leading developer of wind energy facilities in Lithuania, in the acquisition by UAB Kamineros grupe of joint control in Amberwind UAB. After closing the transaction the current shareholders Stemma Group and Enercon Lietuva will respectively hold 70 and 15 per cent stake in the Company.

Amberwind is developing a 73.5MW wind power plant in Lithuania valued at MEUR 127,7. It is expected to implement the project in the beginning of 2016. The project is financed by Swedbank which granted a 103,4 loan for the Company.

COBALT represented the client in negotiations and provided other legal support. The project was led by Elijus Burgis, Partner, Lithuania.