IFLR1000

Trilini Energy acquires 51.4% stake in Eesti Gaas

23/2/2016
Public acquisition
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Completed

23/2/2016

Overview:

  • Finnish energy firm Fortum has agreed to sell its 51.4% stake in Eesti Gaas to Trilini Energy.
  • The buyer has also offered to purchase the 37% holding Gazprom has in the company, and Itera Latvija's 10% stake as well.
  • Minority shareholders control the remaining 1.57% of shares.
  • Ellex (Kadri Kallas) advised Triniti Energy.
  • Sorainen (Toomas Prangli) advised Fortum.

Jurisdiction:

Estonia

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Energy

Firms:
Ellex Raidla

Party: Trilini Energy (Acquirer)

Sorainen

Party: Fortum (Seller)

Lawyer: Toomas Prangli

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