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.