Cobalt has advised PSA on its acquisition of 50% of Parnu Sadam shares from Transcom.
According to Cobalt, "Parnu Sadam is one of the most successful companies in Parnu [Estonia], which organizes ship traffic in the port, provides stevedoring services, and manages the warehouses and storage facilities on the territory of the port. The port’s services include loading and unloading of vessels, warehousing of goods, and towing of vessels. The port is visited by more than 500 merchant vessels a year and handles approximately 2 million tons of goods per year."
The Cobalt team included Managing Associate Ott Aava, Senior Associate Kerli Salu, and Associate Elis Toim.
Cobalt did not respond to our inquiry on the matter.
