Marguerite Fund finalizes sale of AS Conexus Baltic Grid stake

After receiving relevant approvals from the State of Latvia, Marguerite Fund has closed the sale to Marubeni-backed MM Capital Infrastructure Fund 1 of its 29.06% interest in AS Conexus Baltic Grid, the unified natural gas transmission and storage operator in Latvia.

COBALT provided comprehensive legal advice and support to Marguerite Fund on all Latvian law matters throughout the sales and closing process, including legal vendor due diligence, regulatory advice and support, as well as, acting in cooperation with CMS Cameron McKenna Nabarro Olswang LLP, provided support in drafting and negotiations of transaction documentation.