Eesti Energia AS has won clearance for the Nelja Energia acquisition
The transaction started in May 2018 where Eesti Energia AS expressed its interest to buy the Tallinn-based renewable energy producer Nelja Energia AS for EUR289 million (USD335 million) plus the assumption of EUR204 million in net debt as at end-2017.
Just recently, on August 6, 2018, the Lithuanian Competition Council has given the greenlight for the acquisition, stating that the planned takeover will not create a dominant position or significantly impede the competition in the relevant markets. The deal is subject to a prolonged review.
Country updates
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July 02, 2018
Eesti Energia has signed $350 million new debt, partly to fund its purchase of Baltic renewables developer Nelja Energia
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June 01, 2018
Eesti Energia agrees to third largest acquisition in history of Estonia
Eesti Energia AS has announced that its fully owned subsidiary Enefit Green AS has entered into a share purchase agreement regarding all the shares in Nelja Energia AS, a renewable energy pr...
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January 26, 2018
European Commission backs 88 MW CHP project in Vilnius
The European Commission's Cohesion Fund has granted funding for a combined heat and power (CHP) project in Vilnius, the capital of Lithuania, in the south-east of the country. The projec...
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December 12, 2017
Fortum and Lietuvos Energija have launched construction work of the project
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November 16, 2017
Neljia Energia is considering the development of the project
