
About
Mart Blöndal is a Managing Associate, specialising in European Union, competition law and state aid at COBALT Estonia. Mart heads Energy, Infrastructure and Utilities, and Public Sector and NGOs industries.
Mart has advised clients in all areas of competition law, including merger control, dominance, and prohibited cooperation issues. In the field of state aid, Mart has advised clients on various complex state aid issues, including various proceedings with administrative bodies and the European Commission. In addition, Mart is focused on energy and information technology sectors.
Mart’s work in advising clients has contributed to the creation of significant players in the Estonian market and the clarification of key state aid principles. In this way, Mart has contributed to the creation of Luminor as the first truly Baltic bank and represented the European Commission in the landmark Eesti Pagar case.
- EU and Competition – Leading Associate, The Legal 500 2025
- Competition/Antitrust – Up and coming, Chambers Europe 2025
Languages
- Estonian, English, German
Membership & education
- Estonian Bar Association (2017)
- Master of Laws (LL.M) degree in European business law, Lund University, Sweden (2016)
- Bachelor of Arts in Social Sciences (B.A.), law, University of Tartu, Faculty of Law, Estonia (2014)
Aspo sells Leipurin to Lantmännen
HANZA acquires Milectria Group to strengthen its position in the defence sector
Combiwood Grupp OÜ acquires AS Toftan
European Lingerie Group acquires Baltika
Supreme Court declares the claim of Agency of Medicines unconstitutional
SmartCap launches EUR 100 million Defence Fund
HANZA AB acquires Finnish manufacturer Leden Group
NORD/LB and Swedbank finance one of the largest renewable energy projects in Estonia
C.D Holding Internationale acquires a majority stake in Stebby OÜ
Balti Autoosad AS acquires AS Automeister
Helmes AS acquires a majority stake in Trinidad Wiseman OÜ
Livonia (KS Livonia Partners Fund II AIF) acquires a stake in Telema AS
AS Terminal defends its rights in the liquid fuel market regarding violations committed by Olerex
Mirova invests in Baltic Storage Platform, a joint venture between Corsica Sole and Evecon
Combiwood Group acquires the Estonian wood supply business from Metsä Group
The shareholders of TMB Element sells its shares to INHUS
Warmeston OÜ acquires Brocēni cogeneration plant and pellet factory in Latvia from Enefit Green
Livonia Partners acquires a stake and invests in Wildix OÜ
FootonVolt OÜ sold Estonia’s first industrial solar park to KC Energy OÜ
Change Ventures invests in startup Formaloo
The majority shareholder of Hansab sells its majority stake to BaltCap
HellermannTyton acquires Estonian microduct manufacturing company Höhle
COBALT advised SCHWENK on acquiring a majority stake in Betoonimeister
COBALT advised the sale of district heating network company VKG Soojus to Gren
COBALT advised PRFoods regarding the sale of Heimon Kala Finnish business
COBALT advised venture capital fund Karma Ventures on investment in start-up CybExer Technologies
COBALT advises the shareholders of Maksekeskus on the sale of Maksekeskus to Luminor Bank
COBALT advised Livonia Partners on acquiring a stake in Bestair and Zave Group
COBALT advised OÜ Mirrow Institute on acquiring a majority stake in DAS Group OÜ
COBALT successfully represented Tallinna Sadam in Tallinn Circuit Court
COBALT advised Change Ventures on investment in Eurora
COBALT advised Elektrum Eesti on the acquisition of three energy companies
COBALT advised Elektrum Eesti on acquiring the Imatra Elekter electricity retail sales business
COBALT advised Wolt in supervision proceedings of the Estonian Competition Authority
COBALT successfully represented AS Tallinna Sadam in a civil dispute
COBALT advises Flügger on gaining the majority stake in Eskaro group
COBALT assisted in obtaining the state aid authorisation from the European Commission
COBALT advised Steel Import Finland Oy on acquiring FinEst Metallid
COBALT advised Baltic Agro Machinery OÜ on the sale of John Deere business
COBALT advised DA Agravis Machinery Holding on acquiring 55% of AS Konekesko Eesti
COBALT advised Hansab Group on selling their stake in Moya OÜ
COBALT advised SEB life insurance undertakings on cross-border merger in the Baltics
COBALT advises Zeppelin Group on acquiring Baltic Marine Contractors
COBALT advised Silberauto on selling its business in Estonia and Lithuania
COBALT advised BP plc on a deal
COBALT analysed compliance of activities of AS Eesti Teed with rules on state aid
COBALT advises AS RAGN-SELLS on OSA project
COBALT advised shareholders of TMB Group on selling a major part of its business to Consolis
COBALT advises BaltCap Growth Fund on investing in Pihlakodu chain
COBALT successfully represented UEFA
COBALT advised Luminor on cross-border merger
COBALT advised the majority shareholders of Baltic Media Holding on selling their shares to Havas
COBALT advised shareholders of TMB Group on selling its business to Consolis Group
COBALT advised Alexela Oil on the acquisition of 220 Energia
COBALT advised Luminor on obtaining ECB approval for cross-border merger in the Baltics
COBALT advised Port of Tallinn on its IPO and listing on Nasdaq Tallinn Stock Exchange
COBALT advises HHLA on acquiring Estonia’s biggest terminal operator Transiidikeskuse AS
COBALT advises Luminor on reorganising its management structure
COBALT advised Baltic Horizon Fund on acquisition of Postimaja shopping center
COBALT advised Yliopiston Apteekki OY on selling its pharmacy chain
COBALT advised BPM Capital on financing the investment of Tahe Outdoors
COBALT advises DAVA Agravis Machinery Holding on acquisition of 45% of shares in Konekesko Ltd