Tallinn, 2014-04-25 10:51 CEST (GLOBE NEWSWIRE) --
AS Pro Kapital Eesti, company belonging to group of companies of AS Pro Kapital Grupp, has on 25.04.2014 concluded the contract for sale of full shareholding of its subsidiary OÜ Vene 19 to OÜ Silver Grupp.
Main conditions of the contract for sale of shareholding are as follows:
OÜ Vene 19 area of operations and the business of the company is management of property located in the basement of the building located at Tallinn Vene street 19.
AS Pro Kapital Eesti sold to OÜ Silver Grupp the share of OÜ Vene 19 with nominal value of 7500 EUR, which represents 100% of the share capital of OÜ Vene 19. Price of the transaction is 102 500 EUR, which corresponds approximately to the equity of OÜ Vene 19 at the moment of the sale.
Sale of the shareholding does not have significant effect on AS Pro Kapital Grupp, due to the fact that the shareholding was sold in the value equaling approximately to the equity of OÜ Vene 19 at the moment of the sale.
The purpose of the sale of the shareholding is the divestment of non-core assets of the group (participation in the group company).
The transaction is not considered to be a transaction with connected persons within the meaning of the stock-exchange requirements and members of the Issuer’s supervisory board and management board are otherwise personally not interested in the transaction.
OÜ Vene 19 is a company established on 24.03.2014, the activity of which is the management of property located in the basement of the building located at Tallinn Vene street 19.
Head of Investor Relations