AS Ekspress Grupp acquires holding in a company Linna Ekraanid OÜ 22.07
AS Ekspress Grupp acquires on 22nd of July 2016 50% holding in the company Linna Ekraanid OÜ, which is engaged in the sale of digital outdoor advertising in Estonia. AS Ekspress Grupp will also acquire the remaining 50% of the shares of Linna Ekraanid OÜ in the second quarter of 2019 and thereby will become the company’s sole shareholder.
The purpose of the acquisition is to create preconditions for AS Ekspress Grupp to set off a new business line and thereby enlarge the group’s business areas portfolio. AS Ekspress Grupp’s purpose is to develop digital outdoor advertising business line in every Baltic country and take the leading role in the named business market.
Swedbank Corporate Finance acted as a financial adviser to AS Ekspress Grupp.
The transaction can’t be treated as a transaction with a related party and the members of the supervisory and management board do not have any personal interest in the transaction.
The transaction does not constitute as a concentration that is subject to control by the Competition Authority.
Chairman of the Management Board
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