Sat, Feb
45 New Articles

SORAINEN Advises Gasum on Sale of Estonian Operations to Alexela Energia


SORAINEN Estonia has advised Gasum Energiapalvelut in selling its Estonian business Gasum Eesti to Alexela Energia, part of the Alexela Group. According to Gasum Vice President Jarko Alanko, “this arrangement supports Gasum’s strategy of focusing on the development of the gas market in Finland and the Nordic countries.”  

Gasum Eesti (previously called Gaasienergia) is a subsidiary of Gasum Energiapalvelut. Gasum Eesti sells and distributes natural gas to small and medium-sized enterprises and residential customers in the areas of Rapla and Tabasalu. The company owns and maintains a 62 km gas distribution network. Revenue of Gasum Eesti in 2013 was around EUR 2 million. 

The transaction is expected to be completed by September or October 2014, when approval by the Estonian competition authority is provided. 

SORAINEN advised Gasum in all phases of the transaction, including preparation for auction, collecting documentation, and drafting and negotiating the sales contract. The SORAINEN team included Partner Toomas Prangli, Specialist Counsel Kadri Kallas, Associate Kaspar Endrikson, and Legal Assistant Triin Tigane. Gasum’s financial advisor for the transaction was Porta Finance. 

{simplepopup name=”000” cookie="30"} If you would like to receive regular updates on CEE cases, deals, lateral moves and promotions, and legal awards or if you want to sign up to receive a hard copy of our upcoming magazine please subscribe here{/simplepopup}

Czech Republic Knowledge Partner

For more than 25 years PRK Partners has been providing top tier, comprehensive legal services in all areas of law – always at the highest professional level. The company’s offices in Prague, Ostrava and Bratislava, as well as its specialised teams of legal practitioners and tax advisors, allow PRK Partners to offer solutions to any kind of legal issues, providing an international point of view and in-depth knowledge of the respective local legal system.

The full-service law firm has worked on many of the region’s largest and most complex transactions. The firm puts emphasis on the highest standards of quality, efficiency and flexibility in its advisory services, which are tailored to the specific requirements of each client. 

Our team is composed of professionals with international education and experience. The firm frequently works on a non-exclusive basis with leading international law firms on large cross-border transactions.

PRK Partners is consistently recognised among the top law firms by leading international and domestic directories and ratings agencies and has been honoured with numerous awards: 

• National Law Firm of the Year 2016 by the Chambers Europe Awards, the most prestigious international law firm competition. This is the fifth award PRK Partners has received since the awards were first given; National Law Firm of the Year 2014, 2013 and 2010 and Law Firm of the Year 2012 for Best Client Service.

• 2018 Best Law Firm of the Year in the category of Banking &Finance and the absolute winner in the main category of the Domestic Law Firm of the Year awards organised by epravo.cz under the auspices of the Czech Bar Association three times since the award's inception (in 2016, 2013 and 2011).

• a finalist of the Central European Law Firm of the Year category in The Lawyer European Awards 2018. 

The firm has a strong commitment to corporate social responsibility and pro bono work.

PRK Partners is the exclusive member firm in the Czech Republic for Lex Mundi, the world’s leading network of independent law firms, with in-depth experience in 100+ countries worldwide. In addition, the firm is a member of Celia Alliance, AFI (Association for Foreign Investment) and CVCA (the Czech Private Equity and Venture Capital Association).

Firm's website: www.prkpartners.com

Our Latest Issue