Estonia: Clevon to delist without buying back minority shares

The Estonian developer of autonomous vehicles, Clevon, plans to delist its shares from the Nasdaq First North stock exchange without taking over the shares of the company’s minority shareholders, ERR reports. Earlier, the loss-making company announced that it would delist and buy out its minority shareholders. However, Clevon has failed to find an investor to…

Read More

Estonia: Maag Grupp’s acquisition of HKScan’s Baltic business approved

The Estonian Competition Authority (Konkurentsiamet) has approved Finnish meat processing group HKScan’s sale of its Baltic businesses to Estonia’s Maag Grupp, LSM reports. However, Maag Grupp will have to sell two of its major food brands, Rannamõisa and Rannarootsi Lihatööstus, ERR reports. Under the deal signed in December 2022, Maag Grupp will acquire HKScan’s Rakvere…

Read More

Estonia: Climate Ministry updates national energy, climate plan

Estonia’s Ministry of Climate has drawn up an updated national energy and climate plan that includes more ambitious renewable energy and climate neutrality targets, ERR reports. Under the plan, Estonia would produce all power from renewable energy sources by 2030 and be completely climate neutral by 2050. Climate Minister Kristen Michal asserted that the plan…

Read More

Estonia: Estonian, Swedish team investigating MS Estonia wreck

The Estonian Safety Investigation Bureau (OJK) and the Swedish Accident Investigation Authority (SHK) are conducting an underwater investigation of the wreck of the MS Estonia passenger ferry, which sank in 1994, ERR reports. The investigation team has been filming the wreck and has raised several ship parts to the surface. The investigation, which uses Norwegian…

Read More

Estonia: Minister hopes to appoint Ida-Virumaa special rep by September 2023

The Estonian government has postponed the appointment of a special representative for the Ida-Virumaa county, ERR reports. Regional Affairs Minister Madis Kallas now hopes that the special representative will be appointed by the beginning of September 2023. Kallas said that the appointment was delayed due to summer holidays and more pressing political issues. Also, the…

Read More

Estonia: Regulator probing liberal group’s services to political parties

Estonia’s Political Parties Financing Surveillance Committe (ERJK) has asked six political parties whether they received services that may be classified as prohibited donations from the Liberal Citizen Foundation (SALK), ERR reports. ERJK sent the inquiries to current ruling coalition parties Estonian Reform Party, Estonia 200, the Social Democratic Party (SDE), as well as the opposition’s…

Read More