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.
Country updates
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December 05, 2019
Marguerite signs SPA with MM Capital Infrastructure Fund 1 to divest its interests in AS Conexus Baltic Grid
Marguerite has signed a Sale Purchase agreement with Marubeni-backed MM Capital Infrastructure Fund I regarding the divestment of the Marguerite Fund’s 29.06% interest in AS Conexus Baltic Grid,...
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March 28, 2019
51-turbine wind project fails Latvian environmental impact assessment
After the failure to pass environmental protection standards, Latvian Wind Energy Association has rejected Eulus Vind AB’s proposal for 51-turbines wind farm. According to the authority, the te...
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November 29, 2018
BaltCap completes acquisition of 70% share in Latvian 4 MW biomass-fired project
BaltCap has completed the purchase of a 70% stake in a Latvian biomass combined heat and power plant Energia Verde from Energoeco. The facility is equipped with 18 MW HoSt Bio Energy Installations hi...
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October 15, 2018
BaltCap Infrastructure Fund announces acquisition of 70% stake in biomass-fired power plant in Latvia
BaltCap Infrastructure Fund (BInF) has announced that it has acquired 70% of shares in a biomass-fired combined heat and power plant located in the Riga region of Latvia, from Latvian company AS...
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September 13, 2018
Sweden's Eolus plans EUR-250m wind project in Latvia
Eolus Vind AB plans to build EUR 250 million 51-turbine wind farm project in Dobele and Tukums in western regions of Latvia. The project is supposed to be the largest wind farm in the Baltic country....
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