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Infortar plans to go public

Infortar, major owner of Eesti Gaas and Tallink, being Estonia's largest investment company with more than one billion euros in assets and operating in energy, shipping and real estate, aims to go public in the near future.

"Infortar has grown so big that the next logical step is to be listed and public. Expanding our investor base and joining the stock exchange gives us the opportunity to grow even faster internationally, to increase the value of our assets and to find additional financing opportunities," said Ain Hanschmidt, Chairman of the Management Board at Infortar. 

"Our investment portfolio is diverse and cross-border, the lion's share of the group's income comes from foreign markets. The energy, shipping and real estate companies in which Infortar participates have proven themselves in crises and have great growth potential - we plan to continue investing in energy and real estate projects, while Tallink has its own decision-making processes and an investment plan independent of us," Hanschmidt said.

"The goal of going public has been set, the advisers have been chosen and the initial preparations have been made, but the more precise time frame depends on what is happening around us - no one can see behind the curvature of the earth after all. We are investors ourselves and we want to offer other investors a unique value share, meaning dividend security, real success and assets, not only in the future but also today," Hanschmidt said.