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Printed: 25.04.2024.
PrintBaltCap to buy a quarter of shares of TREV-2 Group
Juhan Tere, BC, Tallinn, 03.08.2010.
BaltCap is planning to buy approximately 25% of the shares of TREV-2 Group, writes LETA/Postimees Online. The investment will be made in the form of issuing new shares.
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“TREV-2 is certainly a suitable candidate for a listing on the stock exchange beside Merko and Nordecon in the perspective of the next couple of years,” said the director of investments of BaltCap Kristjan Kalda.
The transaction is planned to be completed by end of September after compliance audits have been carried out and approval from the Competition Board has been achieved.
Parties have decided not to disclose the price of the agreement.
TREV-2 is a construction company operating in road construction, repair and maintenance, railroad construction and environmental construction.
BaltCap is an investment enterprise managing five investment funds with the total volume of 130 million euros.
http://www.baltic-course.com/eng/real_estate/?doc=29951