Kelemenis & Co has acted on behalf of the shareholders of Blue Aegean Energy in the acquisition of 50% of the company’s shares by an undertaking associated with Aegean Oil. The firm was involved in the drafting of the relevant contracts and the execution of the agreement which includes the implementation of the agreement before the various supervisory and regulatory authorities. Blue Aegean Energy, which will be renamed Aegean Power, has been active in the Greek energy market for the past two years. During its short existence, the company has risen to become one of the key players in the supply and trade of electricity in Greece and has built a high profile clientele.