Port of Tallinn to begin preparations for listing

Port of Tallinn to begin preparations for listing

The owner of the Port of Tallinn, the Government of the Republic of Estonia, has decided to proceed with listing up to 30% of company’s shares in the port on the Estonian stock market.

The port houses a number of bulk liquid storage facilities including those operated by Neste, Oiltanking, Vopak and Vesta.

Port stock feb 2 big

The port now plans to hold an initial public offering (IPO) with the help of an independent financial advisor. The port has announced an international public procurement to find the financial advisor.

The port is anticipating both Estonian and international offerors with previous experience conducting IPOs to participate in the procurement.

For more information visit www.portoftallinn.com

11th June 2017

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