International Internet Magazine. Baltic States news & analytics
Wednesday, 26.10.2016, 03:22
Tiit Vähi buys back Silmet’s shares
Silmet Grupp sold the majority stake in Silmet at the end of 2005 for 12 million USD. One of the reasons of buying back the shares was the fact that Zimal S.A. shareholders sold their stakes in other fertilisers and metals production companies and Silmet Grupp made the proposal of buying back Silmet’s shares to Zimal, writes LETA.
Silmet Grupp owns now 90% of AS Silmet. 10% belongs to Austrian company Treibacher Industrie AG.
Last year, Silmet AS turnover was 382 million EEK and loss 26 million EEK.