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AS TALLINNA VESI

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5493000M6TVS2X0KWC97

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Majandustegevusalad

Veevarustus; kanalisatsioon, jäätme- ja saastekäitlus

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3075

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05.11.2010 08:59:00

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TVE: EBRD sells its interest in AS Tallinna Vesi to United Utilities Group PLC

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Tallinna Vesi             Major shareholder announcements             05.11.2010

EBRD sells its interest in AS Tallinna Vesi to United Utilities Group PLC

On November 1st, the European Bank for Reconstruction and Development (EBRD) 
exercised the share Put option that was part of the United Utilities (Tallinn)  
B.V. shareholders' arrangements and sold its 8.82% indirect shareholding in AS  
Tallinna Vesi to United Utilities Group PLC. Through its shareholding in United 
Utilities (Tallinn) B.V. United Utilities Group PLC now has an indirect         
shareholding in AS Tallinna Vesi of 7,060,000 shares  or 35.3% of the share     
capital of the company.                                                         
                                                                                
As a result of this transaction the EBRD will no longer have any representation 
on the Supervisory Council of AS Tallinna Vesi. AS Tallinna Vesi has received   
the resignation letter of Matti Hyyrynen.                                       
                                                                                
AS Tallinna Vesi will be organising an Extraordinary General Meeting of         
Shareholders in the coming weeks to elect a replacement for Mr Hyyrynen         

Priit Koff                                                                      
Head of Public Relations                                                        
AS Tallinna Vesi                                                                
+372 62 62 209                                                                  
[email protected]