COBALT advised Alexela Tanklad OÜ on bond issue

COBALT advised Alexela Tanklad OÜ on bond issues in the amount of EUR 25 million to finance the acquisition of Euro Oil petrol stations. Alexela is a long-term client of COBALT.

Chairman of the board of Alexela group Andreas Laane told Estonia’s business daily Äripäev that they had been looking for suitable financing for over 6 months and the decision was made to raise money from pension funds because of the duration of the financing, which gives a benefit in the cyclical nature of the economy.

Our work comprised assisting the client throughout the entire transaction. The client was advised by partner Marina Tolmatshova and senior associate Kristjan Kotkas.