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.