A subsidiary of Aktsiaselts Infortar signed a shareholders' agreement for acquiring a shareholding in OÜ Estonia Farmid

Core Insights - OÜ EG Biofond signed an investment agreement to acquire a 96.6% shareholding in OÜ Estonia Farmid, with a 3.4% shareholding retained by its subsidiary Osaühing Estonia, pending approval from the Competition Authority [1] - Estonia Farmid OÜ manages three agricultural companies and operates 9,400 hectares of arable land, employing nearly 150 people [1] - The dairy farms under Estonia Farmid OÜ have a total of 2,640 dairy cows, with an average milk production of 13,300 kilograms per cow annually, and the company also produces 27,000 tons of grains and rapeseed per year [1] Company Overview - Infortar is a prominent group in Estonia, operating in seven countries with activities in maritime transport, energy, real estate, and agriculture, among others [6] - Infortar holds a 68.47% stake in Tallink Grupp and a 100% stake in Elenger Grupp, with a real estate portfolio of approximately 141,000 m² [6] - The group consists of 110 companies, employing 6,228 people, and has expanded its presence across agriculture, industry, and services [3][6] Industry Context - The agricultural sector, particularly dairy production, is highlighted as a competitive area for Estonia, with fertile farmland contributing to high-quality milk production [2] - The dairy industry is considered a key pillar of Estonia's economy, alongside timber and minerals [2]