In 2018, we advised the third biggest Estonian deal ever where Eesti Energia AS’s fully owned subsidiary Enefit Green AS acquired Nelja Energia AS.
The endorsement of the merger by the Competition Authority on November 6, 2018 was contested by the companies Eleon AS, AS Eesti Elekter, Eurowind OÜ, Vaivara Tuulepark OÜ, Roheline Elekter AS, Aidu Tuulepark OÜ, Audru Tuulepark OÜ and OÜ Estwind Energy.
The appellants wanted the decision of the Competition Authority to be cancelled and for the Competition Authority to eliminate the impacts of the concentration.
The Tallinn Administrative Court on July 17 upheld the stance of the Competition Authority, dismissed the application of the appellants and left the decision of the Competition Authority unchanged.
Ellex litigation team represents Enefit Green in the dispute.