We advised Trilini Energy OÜ in the acquisition of shares of Eesti Gaas
Ellex Raidla advised Trilini Energy OÜ, a company partially owned by investment holding Infortar, in the acquisition of 51,4% of shares of Estonia's gas utility Eesti Gaas from Finnish energy group Fortum. The transaction is subject to necessary regulatory approvals and customary closing conditions. The deal has to be improved by competition authorities of Estonia and Finland. The deal will be concluded in the first half of 2016.
Eesti Gaas is engaged in distribution and sales of natural gas. The group of companies consists of EG Ehitus that focuses on design and construction of gas pipelines and facilities and Gaasivõrgud that provides distribution services. Eesti Gaas employs 205 persons and has 1,570 free consumers and 41,160 home consumers.
Ellex Raidla law firm advised Trilini Energy in all stages of the transaction. The team conducted the legal audits of Eesti Gaas and its subsidiaries, prepared the offer to Fortum, advised the client in the negotiations of purchasing the shares and drafted the notice of the concentration.
Ellex Raidla experts that were involved in the project were counsels Tõnis Vahesaar and Triin Frosch, associates Reet Saks, Martin Mäesalu, Gerda Liik, Alla Kuznetsova and Gerly Lõhmus and lawyer Triin Tiru. The team was led by counsel Martin Käerdi.
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