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Cobalt Advises Peranto on Sale of Mockavos Terminalas to Orlen Lietuva

Cobalt Advises Peranto on Sale of Mockavos Terminalas to Orlen Lietuva

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Cobalt has advised Estonian Peranto OU on the sale of UAB Mockavos Terminalas to AB Orlen Lietuva.

The terminal in Mockava was built in 2017 and occupies an area of 40 hectares. According to Cobalt, "its product storage capacity is 19,000 cubic meters, and its loading capacity amounts to 1.2 million tons of liquid petroleum products a year."

According to the firm, "with this acquisition, AB Orlen Lietuva, a company owned by the Polish Oil Concern Orlen, has taken over control of the only liquid products loading terminal operated at Lithuania-Poland border."

Cobalt’s team included Managing Partner Irmantas Norkus and Managing Associate Deimante Pagiriene.

Cobalt did not reply to our inquiry on the matter.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.