Acquisition of share in Suurtüki NK AS and in Suurtuki SIA

On Wednesday, February 6th 2008  Tallinna  Kaubamaja  group signed the purchase
agreement with Venus Kinnisvara AS in order to acquire 100% shares in Suurtüki
NK AS and 100% shares in Suurtuki SIA. 

The acquisition of shoe retail network Suurtüki marks the continuation of
Kaubamaja group strategy of active expansion in perspective businesses thus
establishing supplementary synergy to current businesses. 

The shoe retail network Suurtüki Kinga- ja Nahaäri has been active since 1992.
There are 15 stores active under the brand-name of “Suurtüki” located in
Estonia: six stores in Tallinn, two stores in Tartu and Rakvere, one store in
Maardu, Pärnu, Narva, Jõhvi and Kuressaare. There is one store in Tallinn and
two stores in Latvia promoted under the brand-name “Stepper”. 
Suurtüki Kinga- ja Nahaäri is one of the leading shoe retailers in Estonia.


Both sides have agreed not to disclose the purchase price. The purchase price
of the business deal remains under the limit regulated by stock rules. 

The agreement will come into force after receiving approvals from Estonian and
Latvian Competition Boards. 



Raul Puusepp
Chairman of Board
Tel. 7 315 000