Estonia: Four bidders offer to organise Tallinna Sadam's IPO27.06.2017 Estonia: Four bidders offer to organise Tallinna Sadam's IPO
Äripäev, 27 Jun 2017, online:-
Four bidders have submitted offers to organise the IPO of Estonia's state-owned port operator, Tallinna Sadam. Marko Raid, CFO of Tallinna Sadam, said three of the bidders were consortiums of two or more companies. Two of the bidders were international financial consultants, while the other two specialised in organising IPOs and attracting new investors. Tallinna Sadam intended to choose the winning bidder in about two weeks, Mr Raid said. Tallinna Sadam planned to list up to 30% of its shares on the NASDAQ Tallinn stock exchange by the end of the first half of 2018.
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