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Sorainen Advises Gasum on Sale of Shareholding of GET Baltic to Amber Grid

Sorainen Advises Gasum on Sale of Shareholding of GET Baltic to Amber Grid

Lithuania
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Sorainen Lithuania has advised Finnish energy company Gasum on the sale of its shares in GET Baltic to Amber Grid, a Lithuanian gas transmission system operator. The transaction closed at the end of 2016.

Gasum is a natural gas, LNG, and biogas expert that operates and delivers gas to customers in Finland, Sweden, and Norway. Sorainen assisted the company on negotiations between the parties, drafting the share purchase agreement (and other agreements), consulting on assessment of GET Baltic value, and closing of the deal, among other things.

The Sorainen team was led by Partner Daivis Svirinas and included Specialist Counsel Paulius Koverovas, Senior Associate Evaldas Dudonis, and Associate Stasys Zelenekas.

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COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

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