27
Sat, Apr
27 New Articles

Cobalt Advises on Sale of VKG Soojus to Gren

Cobalt Advises on Sale of VKG Soojus to Gren

Estonia
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Cobalt has advised district heating network company VKG Soojus on its sale to Gren.

According to Cobalt, "Gren is a Baltic green energy company whose fields of activity include energy production, as well as provision of district heating and cooling services. Gren also provides industrial energy solutions."

"VKG Soojus is a district heating network company whose main field of activity is the distribution and sale of heat energy to the residents and businesses mostly in Kohtla-Jarve and Ahtme-Johvi districts, thereby operating the third largest district heating network in Estonia," according to the firm.

Cobalt’s team included Partners Aivar Taro, Martin Simovart, Karina Paatsi, Elo Tamm, and Egon Talur, Senior Associates Heleri Tammiste, Siim Vahtrus, Sandra Sillaots, Liina Saaremets, Mart Blondal, and Heili Haabu, Associates Kristiina Kraav and Liis Leedo, and Assistant Lawyer Chris Oliver Rahumagi.

Cobalt did not respond 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.