Infortar Full Ownership of Tallink Takso Reinforces Strategy
Infortar Expands Ownership to 100% in Tallink Takso
In a strategic move aimed at solidifying its market presence, AS Infortar has successfully acquired the remaining shares of AS Tallink Takso. This intra-group reorganization not only strengthens its operational capabilities but also aligns with its broader goals.
Details of the Transaction
Recently, AS Tallink Grupp transferred 34,000 shares of AS Tallink Takso, which constitutes 34% of the share capital. Valued at a nominal price of 6.3 euros per share, this transfer marks a significant milestone for AS Infortar as it now holds 100% ownership of Tallink Takso. The transaction is categorized as an everyday economic activity between related parties, highlighting its routine nature within Infortar's operational framework.
Strategic Importance of the Acquisition
The strategic acquisition of Tallink Takso is part of AS Infortar's commitment to enhancing its operations across multiple sectors. Holding complete ownership of Tallink Takso not only provides operational synergies but also fortifies Infortar’s transport division, diversifying its existing portfolio.
About AS Infortar's Operations
AS Infortar is not just a key player in the transport industry. It operates in seven countries and engages in various sectors such as energy and real estate. The company possesses a substantial 68.47% ownership stake in Tallink Grupp and a full ownership of AS Eesti Gaas. Its real estate investments cover approximately 116,000 m², showcasing a robust and adaptable portfolio. Furthermore, Infortar's ventures extend into construction, agriculture, and even taxi services, reflecting a diverse business approach.
Overview of the Corporate Structure
The complexity of AS Infortar's corporate structure is illustrated by its 105 subsidiary companies, which include 96 direct subsidiaries, along with 4 affiliated companies and 5 subsidiaries under those affiliates. Together, these entities employ over 6,100 individuals, making Infortar a significant employer in the region.
Future Prospects and Ongoing Developments
Looking ahead, the consolidation of ownership in AS Tallink Takso is expected to create opportunities for increased efficiency and innovation within Infortar's operations. As AS Infortar pursues growth, this acquisition strategically positions the company for future expansion in the transport sector and beyond.
Frequently Asked Questions
What is the significance of Infortar acquiring 100% of Tallink Takso?
This acquisition allows AS Infortar to fully integrate and streamline its operations in the transport sector, enhancing efficiency and strategic direction.
How does this acquisition impact the operations of AS Infortar?
The full ownership of Tallink Takso enables AS Infortar to leverage synergies across its diverse business operations, further strengthening its market positioning.
What other sectors does AS Infortar operate in?
In addition to maritime transport, AS Infortar is also involved in energy, real estate, construction, agriculture, and various other industries.
Can you provide insights into AS Infortar’s corporate structure?
AS Infortar comprises 105 companies including subsidiaries and affiliates, employing over 6,100 staff collectively across various sectors.
What are AS Infortar's future plans following this acquisition?
Following the acquisition, AS Infortar aims to explore growth opportunities, driving efficiency and innovation in the transport sector and its other business areas.
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