On February 28, 2024, Aktsiaselts Infortar issued a stock exchange announcement,
disclosing the signing of an investment agreement and shareholders' agreement
with Brorup OÜ. According to the agreement, OÜ EG Biofond which is the
subsidiary of Aktsiaselts Infortar, will acquire a 51% shareholding in OÜ
Halinga.
After receiving an approval from the Competition Authority, today Aktsiaselts
Infortar fulfilled additional operations and preconditions, including the
increase of OÜ EG Biofond share capital in Business Registry, OÜ EG Biofond
acquired 51% shareholding in OÜ Halinga.
"For Infortar, this transaction marks an entry into a new field of activity.
Modern agriculture means much more, than cultivating fields and milk production.
It includes areas in which we have previous experience, such as circular economy
and renewable energy," said Managing Director of Aktsiaselts Infortar Martti
Talgre.
OÜ Halinga is one of the largest milk production companies in Estonia and
important employer in the region, employing more than 70 people. Halinga dairy
herd size reaches 3,000 cows and young animals. The area of cultivated land is
3,700 hectares. OÜ Halinga will continue its current activities as a member of
Aktsiaselts Infortar group.
Infortar operates in five countries, the company's main fields of activity are
energy, maritime transport, and real estate. Infortar owns a 42,3% stake in AS
Tallink Grupp, a 100% stake in AS Eesti Gaas and a versatile and modern real
estate portfolio of approx. 110,000 m2. In addition to the three main areas of
activity, Infortar also operates in construction and mineral resources,
printing, taxi business and many other areas. A total of 103 companies belong to
the Infortar group: 47 subsidiaries, 5 affiliated companies and 50 subsidiaries
of affiliated companies. Excluding affiliates, Infortar employs 1,308 people.
Additional information:
Kadri Laanvee
Investor Relations Manager
e-mail: kadri.laanvee@infortar.ee (mailto:kadri.laanvee@infortar.ee)
phone: +372 5156662
https://infortar.ee/en/investor
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