Infortar Secures Approval for Strategic Acquisition
Aktsiaselts Infortar has successfully secured necessary approvals from the Competition Authority for the acquisition of Tallinna Raamatutrükikoja Osaühing. This move reflects Infortar's ambition to expand its influence in various sectors, including energy, maritime transport, and real estate.
Details of the Acquisition
The recent stock exchange announcement detailed the signing of a purchase agreement with ViroInvestment OÜ. Under this agreement, Aktsiaselts Infortar is set to acquire a complete 100% shareholding in Tallinna Raamatutrükikoja Osaühing. This decision aligns with Infortar's ongoing strategy to bolster its operations in sectors where it already has a significant presence.
Regulatory Approval and Impact
The Competition Authority's approval for the merger allows Aktsiaselts Infortar to proceed with the acquisition after meeting specific operational prerequisites. Notably, this transaction doesn't fall under transactions of significant importance or those involving related parties as defined by the NASDAQ Tallinn Stock Exchange rules.
Infortar's Business Landscape
Aktsiaselts Infortar operates extensively across seven countries. The company holds a substantial portfolio, encompassing a 68.47% stake in Aktsiaselts Tallink Grupp and a complete ownership of AS Eesti Gaas, alongside a modern real estate portfolio that spans approximately 113,000 m2. The company actively engages in various sectors beyond its main areas of energy, maritime transport, and real estate, also venturing into construction, agriculture, printing, and taxi services. With a robust infrastructure, the Infortar group comprises 104 companies, including 95 subsidiaries, 4 affiliates, and 5 subsidiaries of these affiliates. The group's workforce totals approximately 6,625 employees, excluding its affiliated companies.
Contact Information
For more information regarding this acquisition or other inquiries, please reach out to:
Kadri Laanvee
Investor Relations Manager
Phone: +372 5156662
Email: kadri.laanvee@infortar.ee
Website: www.infortar.ee/en/investor
Frequently Asked Questions
What is Infortar's recent acquisition about?
Infortar has acquired a 100% stake in Tallinna Raamatutrükikoja Osaühing after receiving approval from the Competition Authority.
How does this acquisition affect Infortar's operations?
The acquisition is expected to support Infortar's various business interests without significantly impacting its operations overall.
In which industries does Infortar operate?
Infortar is involved in energy, maritime transport, real estate, and several other sectors, including construction and agriculture.
How many employees does Infortar have?
Excluding its affiliates, Infortar employs approximately 6,625 individuals across its various operations.
Who can I contact for more information about the acquisition?
Kadri Laanvee, the Investor Relations Manager, can be reached for any inquiries regarding the acquisition.
