Published: 2021-03-09 13:36:07 CET
Tallinna Vesi
Corporate Action

Competition Authority granted the City of Tallinn and OÜ Utilitas the permission to exercise joint dominant influence over AS Tallinna Vesi

Competition Authority decided on 09/03/2021 to grant the City of Tallinn and Osaühing Utilitas the permission to exercise joint dominant influence over AKTSIASELTS TALLINNA VESI. The City of Tallinn and OÜ Utilitas entered into a share sale agreement with United Utilities (Tallinn) B.V. (the seller), on which the information was disclosed by the issuer in the earlier stock notices on 03/02/2021 (here: Contemplated changes in substantial shareholding (omxgroup.com)) (with correction on 11/02/2021 – here: CORRECTION: Contemplated changes in substantial shareholding (omxgroup.com)) and on 11/02/2021 (here: Entry into force of the share sale agreement between OÜ Utilitas and the shareholders with substantial shareholding in AS Tallinna Vesi (omxgroup.com)). Competition Authority’s permission is a condition precedent to the completion of the transaction under the share sale agreement. AKTSIASELTS TALLINNA VESI will release a separate notice on the completion of the transaction. The parties intend to complete the transaction on 31/03/2021. As a result of the transaction, the City of Tallinn will hold 52.35% of the share capital of AKTSIASELTS TALLINNA VESI and OÜ Utilitas will hold 17.65% of the share capital of AKTSIASELTS TALLINNA VESI.

Kristi Ojakäär
AS Tallinna Vesi
CFO
(+372) 62 62 262
kristi.ojakaar@tvesi.ee