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Cobalt Advises Alexela on Purchase of Remaining 50% Stake in Rohe Solution from Haminan Energia

Cobalt Advises Alexela on Purchase of Remaining 50% Stake in Rohe Solution from Haminan Energia

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Cobalt has advised Alexela on the acquisition of the remaining 50% stake in Rohe Solution from Finland's Haminan Energia.

Rohe Solution is the Finnish subsidiary of Alexela. It offers natural gas and liquefied natural gas and related services. Alexela is an Estonian company that operates mainly in the field of energy.

Haminan Energia is based in Hamina, Finland, and focuses on bioenergy and sustainable energy solutions. The company offers electric, natural gas, district heating, and charging point services, among others.

Back in 2021, Cobalt advised Alexela on its acquisition of a majority stake in the Kotka tank storage (as reported by CEE Legal Matters on January 15, 2021). In 2020, Cobalt also advised Alexela on a EUR 37 million loan from Sihtasutus KredEx (as reported by CEE Legal Matters on November 16, 2020).

The Cobalt team included Partner Peeter Kutman, Managing Associate Jesse Kivisaari, and Associate Getter Villmann-Nogene.

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.