Estonia, Investments, Legislation, Markets and Companies

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 13:14

Majority foreign shareholders of companies listed on Tallinn Stock Exchange prefer to stay hidden

BC, Tallinn, 02.03.2015.Print version
Whereas the lists of shareholders of companies listed on stock markets in Estonia and Finland are probably the most transparent in the world as equity records are public, majority of foreign shareholders of these enterprises prefer to stay hidden, writes LETA/Postimees.

According to the Estonian Securities Centre, 40% of shares of companies listed on the Tallinn Stock Exchange are owned by foreign investors, three fourths of whom use representative accounts.

 

Postimees calculated that those with representative accounts own 30% of the total worth of companies listed on the Tallinn Stock Exchange.

 

Representative account means that banks that are listed in the companies’ equity records as shareholders actually do not own the shares but merely deposit them.






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