Estonia, Legislation, Real Estate

International Internet Magazine. Baltic States news & analytics Thursday, 31.07.2014, 00:13

Estonian government increases share capital of State Real Estate Co

Juhan Tere, BC, Tallinn, 21.06.2012.Print version
The Estonian government approved on Thursday of increasing the share capital of State Real Estate Co by 1.3 million euros, Äripäev.ee/LETA reports.

The state will give 11 objects as a non-monetary payment into the share capital of the company that manages real estate that belongs to the Estonian state. The objects are in the economy and communications ministry governance sphere but not necessary for the ministry. The objects include apartments, office buildings and a port building.

 

The government authorised the finance minister to vote for increasing the share capital by 1,340,300 euros by issuing 13,403 new shares with face value of 100 euros.






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