Skip to main content

AS Ekspress Grupp to sell the shares of AS Express Post

Written by Customer Service on . Posted in Public Companies.

AS Õhtuleht Kirjastus, 50% of which owned by AS Ekspress Grupp, entered into a contract to acquire a 100% ownership interest in AS Express Post, which is equally owned by the two largest Estonian media companies, AS Ekspress Grupp and AS Postimees Grupp.

The owners of Express Post, which used to operate in the business of home delivery of printed periodicals across Estonia, decided to close the home delivery business at the beginning of this year, and the company has continued to provide call centre and subscriber database management services to periodicals.

“The acquisition of Express Post will help strengthen the capability of Õhtuleht Kirjastus in providing the call centre service also to other media companies. The sale of the shares of Express Post is in line with the long-term strategy of Ekspress Grupp, according to which we have decided to exit the home delivery business and focus on the growth of the digital revenue base,” said the Chairman of the Management Board of Ekspress Grupp, Mari-Liis Rüütsalu.

The parties have agreed that the terms of the transaction will be confidential. The transaction will close no later than 30 April, 2024, if the conditions for the completion of the transaction are met.

AS Express Post is a joint venture established in 1997 which employs fewer than ten people. The ownership interest of Ekspress Grupp in Express Post is 50%.  

The transaction is neither considered to be of substantial importance nor a related party transaction in accordance with section “Requirements for Issuers” of the rules and regulations of the NASDAQ Tallinn Stock Exchange.

AS Ekspress Grupp confirms that the members of the Group’s Management Board and Supervisory Board are not personally interested in the transaction.

Mari-Liis Rüütsalu
Chairman of the Management Board
+372 512 2591
mariliis.ryytsalu@egrupp.ee

AS Ekspress Grupp is the leading Baltic media group whose key activities include web media content production, and publishing of newspapers, magazines and books. The Group also operates an electronic ticket sales platform and ticket sales offices and offers outdoor screen service in Estonia and Latvia. Ekspress Grupp launched its operations in 1989 and employs almost 1100 people.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.