AS Estiko Sells 49% Stake in Estiko Energia to UBRE Solar Ky
Deal News | Apr 07, 2025 | CEE Legal Matters
AS Estiko, an investment group based in Southern Estonia, has divested a 49% stake in its renewable energy subsidiary, Estiko Energia, to UBRE Solar Ky. This transaction was advised by TGS Baltic, with the legal team including Partner Leonid Tolstov. Estiko Energia operates a solar photovoltaic park in Tartu, a strategic asset in Estonia's renewable energy sector. UBRE Solar Ky, part of the Finnish asset management company United Bankers Group, expands its portfolio through this acquisition, further embedding itself in the sustainable energy market. Sorainen reportedly assisted UBRE Solar Ky as legal advisors.
Sectors
- Renewable Energy
- Investment Management
Geography
- Estonia – AS Estiko and its subsidiary Estiko Energia are based in Estonia.
- Finland – UBRE Solar Ky is a Finnish company, part of United Bankers Group.
Industry
- Renewable Energy – Estiko Energia is focused on renewable energy, operating a solar photovoltaic park.
- Investment Management – UBRE Solar Ky is part of United Bankers Group, an asset management firm.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AS Estiko | Selling Company | Company | A Southern Estonia-based investment group with interests in various sectors including energy. |
| Estiko Energia | Target Company | Company | A subsidiary of AS Estiko, focused on renewable energy. |
| UBRE Solar Ky | Bidding Company | Company | Part of United Bankers Group, a Finnish asset manager. |
| TGS Baltic | Legal Advisor | Company | Advised AS Estiko on the sale. |
| Sorainen | Legal Advisor | Company | Advised UBRE Solar Ky on their acquisition. |