Rymarz Zdort Maruta has advised EWE on the sale of EWE Polska and its group companies EWE Przesyl and EWE Energia to Eesti Gaas for a total value of EUR 120 million. CMS and Ellex advised Eesti Gaas.
The transaction remains contingent on regulatory approval.
EWE Polska is the second largest privately-owned natural gas network operator in Poland.
Eesti Gaas is the largest privately owned energy company in the Baltic region and Finland. It offers its customers natural gas in various forms, biomethane, and green energy from photovoltaic plants. Operating under the Elenger brand, Eesti Gaas serves over 400,000 customers across the Baltic States, Finland, and Poland.
“Our ambition is to expand beyond the Baltic-Finnish region into Central and Western Europe, implementing our proven model and experience as a gas supplier and network operator in Poland, thereby delivering the best service to consumers," said Eesti Gaas Chairman of the Council Ain Hanschmidt. The acquisition of an energy company in Poland provides us with the necessary momentum in this large and important growing gas market, while also ensuring an additional steady cash flow for the company’s shareholders."
The Rymarz Zdort Maruta team included Partners Aleksandra Dobrzynska-Grezel and Marek Durski, Senior Associates Diana Sofu, Adrian Augustyniak, and Tomasz Kordala, and Associates Justyna Niezgoda and Alicja Szymanska.
The CMS team included Partners Mateusz Stepien and Lukasz Szatkowski, Counsels Olga Czyzycka-Szczygiel and Adam Kedziora, Senior Associate Joanna Bialoskorska, and Associates Tomasz Piotrowski and Alicja Smyklinska.
The Ellex team included Partner Martin Kaerdi.
