Infortar Expands Portfolio with Full Ownership of Subsidiary
Infortar Strengthens Its Position in Real Estate
Aktsiaselts Infortar has recently made a strategic move by acquiring a full ownership stake in OÜ INF Saue. This acquisition allows Infortar to consolidate its real estate operations, further broadening its scope and reach in the market. OÜ INF Saue was previously partially owned, with Infortar purchasing the remaining 10% of shares from Lumi Partners JV1 OÜ. With this acquisition, Infortar now owns 100% of OÜ INF Saue.
Overview of OÜ INF Saue's Activities
OÜ INF Saue specializes in the management of real estate, including both rental and operational aspects of properties. One of its key assets is a logistics center located at Saue tee 10, Laagri. This facility is currently leased long-term to Rimi Eesti Foods AS, providing a steady income stream and showcasing Infortar's commitment to investing in valuable properties.
Impact of the Acquisition
The acquisition is not classified as a major transaction outside the realm of ordinary business activities, and it follows the guidelines set forth by the NASDAQ Tallinn Stock Exchange. Infortar does not anticipate this acquisition to significantly alter its operational framework or financial performance, as it reinforces their existing structure rather than expanding into new domains.
Management's Connection to the Transaction
It’s important to note that the Supervisory Board and Management Board members of Infortar do not have any personal interests in the transaction. This aspect reinforces the transparency and integrity with which Infortar conducts its business dealings.
Infortar's Broader Business Interests
Infortar is recognized for its diverse portfolio, operating in various sectors including maritime transport, energy, and real estate across seven different countries. The company holds a substantial stake in Tallink Grupp, accounts for another 100% ownership in Elenger Grupp, and proudly manages a modern and comprehensive real estate portfolio that encompasses around 141,000 square meters.
Employee and Corporate Responsibility
The Infortar group comprises a network of approximately 110 companies, which includes 101 subsidiaries, four affiliated entities, and five subsidiaries of those affiliates. This extensive organizational structure helps Infortar to efficiently employ 6,296 individuals, reflecting the company’s commitment to job creation and economic development within the regions it operates.
Contact Information
For further inquiries or detailed information regarding the acquisition or general business operations, interested parties can reach out to Kadri Laanvee, the Investor Relations Manager at Infortar. You can contact Kadri via telephone at +372 5156662 or send an email to kadri.laanvee@infortar.ee. For more extensive insights and updates, visit their official website at www.infortar.ee/en/investor.
Frequently Asked Questions
What recent acquisition did Infortar make?
Infortar acquired 100% ownership of OÜ INF Saue by purchasing the remaining 10% of shares.
What are the main activities of OÜ INF Saue?
OÜ INF Saue focuses on the rental and management of real estate properties, particularly a logistics center leased to Rimi Eesti Foods AS.
Will this transaction have a major impact on Infortar's operations?
No, the acquisition is not expected to significantly impact Infortar's operations as it falls within their ordinary business activities.
How many companies are part of the Infortar group?
Infortar has 110 companies within its group, including subsidiaries and affiliates.
Who can I contact for more information about Infortar?
For more details, you can contact Kadri Laanvee, the Investor Relations Manager, via phone or email.
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