Ellex Raidla advised Enefit Green and NEFCO on the sale of their shares in 4E Biofond OÜ to Infortar

Enefit Green and Nordic Environment Finance Corporation (NEFCO) sell their shareholdings in Vinni and Oisu biogas CHP plants to Infortar.  The transaction involves a 100% sale of shares in 4E Biofond OÜ (4E Biofond), a minority shareholder in Vinni Biogaas OÜ and Oisu Biogaas OÜ, owners and operators of the Vinni and Oisu biogas combined heat and power (CHP) plants. 4E Biofond cooperates with local farmers to convert waste into biogas for production of heat and electricity.
Enefit Green is a renewable energy company owned by the Estonian state-owned energy group Enefit. Enefit Green produces electricity and heat from wind, water, solar, biomass and municipal waste in Estonia, Latvia, Lithuania and Poland, and owns a pellet factory in Latvia. The company holds the most diverse renewable energy portfolio in the Baltics.
NEFCO is an international financial institution (IFI) established in 1990 by the five Nordic countries, Denmark, Finland, Iceland, Norway and Sweden, with the aim of having a positive impact on the climate and environment in a cost-efficient way.
Infortar is one of the largest private investment groups in Estonia with interest in shipping and transportation, hospitality, real estate, printing, trading, financial service industries and energetics.
Ellex Raidla’s partner Martin Käerdi and counsel Triin Frosch advised Enefit Green and NEFCO on the transaction.
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