We advised the Germany-based European Energy Exchange (EEX) on acquiring a 66% share in the regional gas exchange GET Baltic, operated by the Lithuanian gas transmission system Amber Grid.

The partnership of EEX, Amber Grid and Get Baltic aims to create a harmonized European gas trading platform

EEX offers inter alia natural gas contracts in 10 countries and 11 hubs across Europe, and with a traded volume of 6.669,50 TWh, the Leipzig-based exchange is the world’s biggest gas spot exchange and the second largest in European Gas Futures trading.

„We aim to create a harmonized European gas trading platform based on EEX trading infrastructure. The acquisition of the majority shares in GET Baltic extends EEX Group’s offering for the pan-European gas markets and our customer base. As a result, this creates new opportunities to increase liquidity in all gas markets operated by EEX and GET Baltic,” – says Peter Reitz, CEO of EEX.

The common goal is to strengthen the markets of GET Baltic and foster integration into the pan-European gas trading markets. The short-term and long-term contracts of GET Baltic will be offered under EEX’s German exchange license, harmonizing the products and using the EEX trading infrastructure as well as state-of-the-art clearing services provided by European Commodity Clearing AG. Market participants will have access to the European gas markets operated by EEX.

Our services and team

We advised our client EEX on all issues related to the investment, including pre-communication with the target company, due diligence, negotiation, preparation, signing of transaction documents and closing of the transaction. Our team was led by counsel  Jonas Kiauleikis, including partner  Sergej Butov and senior associate  Laura Matuizaitė-Mikštė.

Read more in the EEX press release here.