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Cobalt Advises AS Baltika on Successful Reorganization Proceedings

Cobalt Advises AS Baltika on Successful Reorganization Proceedings

Estonia
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Cobalt has advised AS Baltika on the reorganization proceedings that were approved by the court.

According to Baltika’s CEO Flavio Perini, "[we] now have the support of banks, investors, creditors, and the court to quickly implement their turnaround plan and Baltika is and will also remain in the future part of the Estonian economy, and [we] will gather all [our] strength to make this company profitable again."

The Baltika Group is a Baltics-based clothing company that owns 79 stores in Estonia and neighboring countries and employs 495 people.

Cobalt's team included Managing Partner Jaanus Mody and Senior Associate Annika Jaanson.

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