TGS Baltic has advised Estonian construction company Merko Ehitus Eesti AS on its acquisition of a 35% holding in Connecto Eesti.
Financial details of the transaction were not disclosed.
According to TGS Baltic, "Merko, which had until now concentrated mainly on high voltage systems in the field of electrical engineering, entered the business of low and medium voltage power networks, gas networks, and telecommunications infrastructure.”
TGS Baltic’s team consisted of Partners Kadri Kallas and Kirsti Pent, Senior Associates Katri Paas-Mohando and Olger Kaelep, and Junior Counsel Mirko Kikkamagi.
The firm did not reply to an inquiry about the deal.