Cobalt’s Riga office has advised Alexela Logistics on its acquisition of a majority stake in Kotka Tank Storage Oy.
Financial details of the transaction were not disclosed.
Alexela Logistics is a provider of logistics solutions for handling oil products in several Northern European ports.
Kotka Tank Storage Oy operates a 250,000-cubic-meter cavern storage space in in Kotka, Finland. The company provides fuel oil, VGO, and diesel storage services.
Cobalt’s team consisted of Partner Peeter Kutman, Specialist Counsel Jesse Kivisaari, and Assistant Lawyer Getter Villmann.
Cobalt did not reply to an inquiry about the deal.