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RASK consults on acquiring majority shareholding in one of the leading ferry line operators.


RASK advised Kalda Vara, a subsidiary of Transcom, in acquiring a majority shareholding in Kihnu Veeteed, a maritime transport company. Kalda Vara, which belongs to the businessman Rein Kilk and was already a shareholder of Kihnu Veeteed before the transaction, bought the shares held by the remaining three shareholders in the course of the transaction.

From 1 October 2014, Kalda Vara holds a near 100% majority shareholding in Kihnu Veeteed. The objective of Kihnu Veeteed is to compete with Väinamere Liinid in the process for selecting operators for the Hiiumaa and Muhumaa ferry routes.

Kihnu Veeteed AS is one of the largest maritime passenger transport companies in Estonia. The company owns ferries as well as passenger ships and is the official passenger carrier on many shipping routes in Estonia.

Transcom AS with its subsidiaries forms a group that offers various services such as port, transportation and other services. The companies forming the Transcom group are Pärnu Sadam AS, Pärnu Stividorid OÜ, Tartu Sadam AS, Transcom Vara AS, Green Window OÜ, Sadamahalduse OÜ, Zelluloosi Kinnisvara OÜ and Kihnu Veeteed AS.