Last update: 20.08.2024 19:31 (GMT+3)
Tallinna Kaubamaja ANNOUNCEMENT 10.02.2005
Declaration of intent of A-Selver for operation rights
On February 9, 2005 AS A-Selver, full subsidiary of Tallinna Kaubamaja AS, AS
Tirsi Kinnisvara Haldus and OÜ Tirsi Grupp, a retail market operator in
Tartu, signed a declaration of intent.
According to the declaration the parties carrying on the negotiations
for A-Selver to acquire the operating rights of the supermarkets in Tartu,
belonging to OÜ Tirsi Grupp, as well as the related assets and rights.
In addition A-Selver is planning to conclude the lease agreements with AS Tirsi
Kinnisvara Haldus for operating supermarkets in the following addresses: in Tartu
Turu 37a, Kalda road 43 and Ringtee 76/78, Suur-Jõe 57 in Pärnu and Mustakivi
road 3a in Tallinn.
During three months the parties intend to sign the lease agreements and to
conclude the deal. The permission from Competition Board is the precondition for
closing the deal.
The unaudited gross sales of A-Selver for 2004 were 1.47 billion kroons (93.8
million euros). The unaudited gross sales of OÜ Tirsi Grupp for 2004 were 613
million kroons (39.2 million euros).
Katrin Mühls
CFO and Sales Director
Tallinna Kaubamaja AS
phone: +372 6 673 200