Port of Tallink (Aktsiaselts Tallinna Sadam) announced its intention to proceed with an initial public offering and a listing of its Shares on the Baltic Main List of the Nasdaq Tallinn Stock Exchange.
The purpose of the Offering is to offer to investors approximately one third of the Company.
With the Offering, the Republic of Estonia, currently the Company’s sole shareholder intends to:
- Increase flexibility, transparency and efficiency of the Company and to establish the Company’s market value
- Facilitate the implementation of the Company’s strategic objectives
- Provide domestic investment opportunities for Estonian private investors and pension funds
- Increase liquidity and attractiveness of the Tallinn Stock Exchange by attracting international investors.