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Tuesday, 23.04.2024, 20:10
Tallinna Kaubamaja to found automotive subsidiary in Latvia
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TKM Auto OU, a 100 percent subsidiary of Tallinna Kaubamaja Group, is founding a 100% subsidiary with
the business name Verte Auto SIA in Latvia. The area of activity of the new
subsidiary will be vehicle sales and servicing, Tallinna Kaubamaja told the stock exchange.
The board member of the subsidiary will be Tonu Piirmaa who has a lot of
experience in automotive business and who has been a member of the board of the
company's other subsidiary, SIA Forum Auto, since 2013. The subsidiary's
supervisory board members will be Aarne Ollek, Andres Jarving, Raul Puusepp and
Juri Kuusk.
Founding the subsidiary will not affect the consolidated financial results
of the group. The board and supervisory board members of Tallinna Kaubamaja have no other personal interests in the
transaction.
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