Cobalt has advised Avena Nordic Grain on the sale of its Estonian and Lithuanian grain trade businesses to the Scandagra Group. Walless advised Scandagra on the deal.
According to Cobalt, Avena Nordic Grain is a subsidiary of the Apetit Group. Apetit is a food industry company firmly rooted in Finnish primary production. Apetit’s shares are listed on Nasdaq Helsinki.
The Scandagra Group is an agriculture company operating in the Baltics.
Cobalt’s team included Estonia-based Partners Peeter Kutman and Karina Paatsi, Specialist Counsel Jesse Kivisaari, and Senior Associate Heleri Tammiste and Lithuania-based Partner Juozas Rimas, Managing Associate Jovita Valatkaite, and Senior Associate Zygintas Voronavicius.
The Walless team included Managing Partner Dovile Burgiene and Senior Associate Domas Sileika.