Cobalt has advised Alexela Energia on a transaction involving its acquisition of Adven Eesti's natural gas portfolio, and Adven Eesti's acquisition of the natural gas distribution company Gaasienergia AS from Alexela.
The companies said that the transaction will provide both Alexela and Adven the chance to focus on their main activities. The price of the transaction was not disclosed.
Cobalt assisted Alexela in drafting and negotiating the transaction documents. The firm's team was led by Partner Peeter Kutman.
Cobalt did not reply to an inquiry about the deal.