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Lextal Advises Raunistal’s on Sale of 100% of Shares to Enefit Green

Lextal Advises Raunistal’s on Sale of 100% of Shares to Enefit Green

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Lextal has advised the unidentified owners of Raunistal on the sale of 100% of their shares to Estonian state owned renewable energy company Enefit Green.

Financial details of the transaction were not disclosed.

Raunistal is the developer of the Purtse wind park in Ida-Virumaa, Estonia. Enefit Green will continue developing the wind park, which is expected to start producing electricity in 2023. The total capacity of the turbines will be nearly 20 megawatts, and the wind park is expected to generate approximately 40 gigawatt-hours of electricity each year.

Lextal's team included Attorneys-at-law Olavi-Juri Luik and Ants Karu.

LEXTAL Legal at a Glance

LEXTAL Legal Group – one of the ten largest law firms in the Baltics operating with a team of over 80 lawyers. LEXTAL Legal is a united group of law firms that includes LEXTAL in Estonia, ILAW LEXTAL in Lithuania and RER LEXTAL in Latvia.

The coverage of all three Baltic States gives additional value to our clients acting in three jurisdictions and enables us to manage complex legal projects and other matters in one hand.

  • In Estonia, LEXTAL has been a top law firm for over 10 years (6th for turnover and 4th for profit). LEXTAL Estonia’s core areas of expertise include: financial sector compliance, corporate and commercial, insurance, M&A, tax and regulatory, public procurements, dispute resolution, AI/IT and new tech (crypto).
  • In Lithuania, ILAW LEXTAL team consists of more than 35 lawyers to offer consultations and services to customers on corporate law, real estate law, mergers and acquisitions (M&A), tax law, personal data protection, intellectual property, labour law, public procurement, unfair competition and other areas of business law.
  • The core of the Law Firm RER LEXTAL in Latvia is formed by the lawyers Armands Rasa and Jānis Ešenvalds. Established in 2010, Law Firm RER LEXTAL specializing in the provision of legal assistance in legal proceedings and various business-related matters.

We focus on the results, we are full of passion, power and curiosity, our team has significant international experience in all practice areas in Baltics. You can trust us.

Firm's website: https://lextal.legal/