Market announcement
AS Ekspress Grupp
LEI code
529900B52V1TUMW7FS54
Size of the entity
Large group
Economic activities
Professional, Scientific and Technical Activities
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
1694
Submission date and time
08.07.2008 09:54:19
Content of announcement in English
Title
End of negotiations
Message
On 11 March 2008, AS Ekspress Grupp announced the proposal by AS Eesti Post to acquire the shares of AS Express Post from its current owners AS Ekspress Grupp and AS Eesti Meedia. The parties have decided to end the negotiations without concluding a contract, as the terms and conditions of the transaction could not be agreed upon. AS Express Post will continue as an independent postal operator. The annual turnover of AS Express Post in 2007 was MEEK 72 and operating profit (EBITDA) MEEK 4.7. AS Ekspress Grupp owns 50% of the shares of AS Express Post. Additional information: Anne Kallas AS Ekspress Grupp E-mail: [email protected], Tel: +372 669 8081