Delfi Meedia, a subsidiary of AS Ekspress Grupp to acquire business operations of Eesti Koolitus- ja Konverentsikeskus
June 10 2024 - 2:55AM
UK Regulatory
Delfi Meedia, a subsidiary of AS Ekspress Grupp to acquire business
operations of Eesti Koolitus- ja Konverentsikeskus
On June 10, 2024, Delfi Meedia AS, 100% subsidiary of AS
Ekspress Grupp, entered into the contract for the acquisition of
business operations of OÜ Eesti Koolitus- ja Konverentsikeskus
(EKKK). The transaction is scheduled to be completed on July
1, 2024.
The acquisition aims to facilitate Delfi Meedia's expansion into
Estonia’s training and conference business market. Ekspress Grupp
identifies significant growth potential and opportunities for
synergy with the Group’s existing operations.
Eesti Koolitus- ja Konverentsikeskus OÜ, established in 2010,
stands as the leading organizer of training sessions, seminars and
conferences in Estonia. Annually the company organises over 700
unique training programs and seminars both domestically and
internationally, alongside a dozen high-profile vision and
professional conferences. Many of these events have gained
significant popularity and influence within their respective
fields. Additionally, EKKK's portfolio features a Christmas party
gala event for Estonian companies held in both Tallinn and
Tartu.
The parties have agreed neither to disclose the price nor any
other terms of the transaction.
The transaction is not considered as a significant transaction
according to the rules and regulations of the NASDAQ Tallinn Stock
Exchange “Requirements for Issuers”. AS Ekspress Grupp confirms
that the members of the Group’s Management and Supervisory Boards
are not personally interested in the transaction.
Additional information
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 1,100 people.
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