Cobalt has advised Estravel Group on the implementation of its employee share option program.
Estravel Group is a travel agency in the Baltics.
According to Cobalt, as a result of the program, nearly 80 key employees in Estonia, Latvia, Lithuania, and Finland gained the opportunity to acquire a shareholding in the company. The program was designed for employees in a higher seniority category who became entitled to acquire shares at a discount after a three-year vesting period.
The Cobalt team included Managing Associate Tonu Kolts, Senior Associate Liina Saaremets, and Junior Associates Kerstin Tang and Mary-Liis Mustonen.
