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International Internet Magazine. Baltic States news & analytics Sunday, 26.10.2014, 10:28

Kaubamaja officially acquired AS Viking Motors

Juhan Tere, BC, Tallinn, 04.07.2012.Print version
On 03.07.2012, OptiGroup Invest OÜ, a subsidiary of one of Estonia's largest retail trade companies AS Tallinna Kaubamaja, after obtaining the approval of the Estonian Competition Board and the car manufacturers, completed the acquisition of the 100% shareholding in AS Viking Motors, the company told the Tallinn bourse.

As a part of the transaction, Tallinna Kaubamaja Kinnisvara AS also acquired the immovable at A. H. Tammsaare tee 51, Tallinn, housing the sale salon of AS Viking Motors, informs LETA.

 

By acquiring the shares of AS Viking Motors, Tallinna Kaubamaja Group enlarges its segment of car trade that has been one of the strategic segments for the business activities of the group since 2007. By virtue of this transaction, in parallel to the export and sale of KIA vehicles in all the Baltic States, the salon in Tallinn will launch the sale of Opel, Saab, Corvette, Cadillac and Hummer vehicles, providing an opportunity to expand the group's activities to the segment of commercial vehicles, and additional sale and service premises for better customer service.






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