TGS Baltic has advised AS Estiko on the sale of a 49% stake in Estiko Energia to UBRE Solar Ky. Sorainen reportedly advised UBRE Solar Ky.
AS Estiko is a Southern Estonia-based investment group with interests in packaging, real estate, accommodation services, and energy. Estiko Energia is its subsidiary focused on renewable energy and the operator of a solar photovoltaic park near Tartu.
UBRE Solar Ky is part of United Bankers Group, a Finnish asset manager listed on Nasdaq Helsinki.
The TGS Baltic team included Partner Leonid Tolstov, Counsel Mirko Kikkamagi, Associate Joonas Kartsepm and Lawyer Grete Kruustuk.