Ellex Raidla advised Baltic M&A Deal of the Year
At the Baltic M&A and Private Equity Forum gala event in Riga on 27 October, the M&A Deal of the Year was announced and this year it was the acquisition of Eesti Gaas which was advised by Ellex Raidla. The acquirer was Trilini Energy and the sellers were Fortum and Gazprom. Estonian investment company Trilini Energy acquired a 51% shareholding of Eesti Gaas from Fortum and a 37% shareholding from Gazprom. Awarding the title was explained with the fact that the transaction is important with regards to the strategic significance in the field and the great value of the transaction, it is also noteworthy because local capital bought out foreign investors.
Ellex Raidla advised both deals.