TGS Baltic advised the sale of one of the newest and most modern fuel terminals in Estonia

21.12.2020 TGS Baltic advised the sale of one of the newest and most modern fuel terminals in Estonia

We advised the sale of AS Kroodi Terminal, one of the newest and most modern fuel terminals in Estonia and MK Kamion OÜ, a fuel wholesaler, to Terminal Oil OÜ.

Partner Sander Kärson and junior counsel Mirko Kikkamägi from TGS Baltic advised the client on all aspects of the transaction, from carrying out the seller’s legal audit to drafting transaction documents. In addition, attorney-at-law Triinu Järviste advised the client on competition law issues. The transaction will take effect after obtaining approval from the Estonian Competition Authority.

Currently, 24 service stations across Estonia, and two liquid fuel terminals belong to Terminal Oil group.

References to media coverage in Estonian:

Ärileht: Kiirelt kasvav Terminal Oil sai ka Tallinnas oma vedelkütuste terminali. Tegu on ühe kaasaegseimaga Eestis

Äripäev: Perekond Russakov müüs 16 miljoni eurose äri