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Ellex Raidla and TGS Baltic Advise on Sale of Estonian Gas Company to De Maria Project

Ellex Raidla and TGS Baltic Advise on Sale of Estonian Gas Company to De Maria Project

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Ellex Raidla has advised Capital Mill and Estmak Capital on their sale of the Energate gas company  to the De Maria Project investment company. TGS Baltic advised the buyer on the deal.

Financial details of the transaction were not disclosed.

Energate is a provider and distributor of natural gas to over 2,600 household and commercial customers through its own network in 14 exclusive network areas in Estonia.

Capital Mill is an Estonian company founded in early 2008 that helps investors acquire commercial real estate in the Baltics.

Ellex Raidla's team consisted of Partner Ermo Kosk and Senior Associate Sandra Vark.

TGS Baltic’s team included Partners Kadri Kallas and Kirsti Pent, Senior Associates Anu Kirss, Mari-Liis Orav, Triinu Jarviste, Vitali Sipilov, and Junior Counsel Mirko Kikkamagi.

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