Cobalt has advised AS Alexela Varahaldus on an unspecified investment by the Wartsila Corporation into the Hamina LNG terminal.
Hamina LNG Oy is a joint venture of AS Alexela Varahaldus — an Estonian-based member of the Alexela Group — and Hemina Energia Oy. Wartsila focuses on smart technologies and complete lifecycle solutions for the marine and energy markets. The company is listed on Nasdaq Helsinki and operates globally.
The Cobalt team was led by Partner Peeter Kutman and Senior Associate Kristjan Kotkas.
Cobalt did not reply to our request for more information, including counsel for Hemina Energia or Wartsila.