Infortar to acquire the remaining shares in Tallink for €218m.

Infortar, Estonia's largest investment holding company, offered to acquire the remaining shares in Tallink, an Estonian shipping company operating Baltic Sea cruiseferries and ropax ships, for €218m. "Estonian economy has been declining for nine consecutive quarters, country’s credit rating has been lowered and the geopolitical risk is still high. In case Tallink has any shareholders who doubt in the economic outlook of our region then this offer brings liquidity to the market and provides them an opportunity to consider an exit. Infortar believes in the financial and market position of Tallink and plans to keep it a public listed company, however, it must be taken into account that for larger international investors the liquidity of the company’s stock and market depth is limited – the average daily turnover of Tallink shares for the last year is about €175k," Ain Hanschmidt, Infortar Chairman of the Management Board.