Expansion of Car Trade Activities in Estonia through Acquisition of Shareholdings

Core Viewpoint - TKM Auto OÜ, a subsidiary of TKM Grupp AS, has signed an agreement to acquire 100% shareholding in Rohe Auto AS and SKO Motors OÜ, enhancing its presence in the automotive sector and expanding its brand portfolio with Škoda dealership rights [1][3]. Group 1: Transaction Details - The acquisition includes Rohe Auto AS and SKO Motors OÜ, which are involved in the sale of Škoda vehicles, spare parts, and maintenance services in Tallinn and Harju County [1]. - The transaction will not include the current shareholding of Rohe Auto AS and SKO Motors OÜ in Carstadt OÜ, which will be divested prior to completion [1]. - The share purchase agreement is subject to necessary approvals from the Estonian Competition Authority and additional actions [2]. Group 2: Company Background - TKM Grupp AS has been focused on expanding in the automotive sector since 2007, with a network of independent dealers importing KIA vehicles and operating retail and service showrooms in the Baltics [3]. - The automotive segment of TKM Grupp AS generated revenue of €200.8 million in 2024, indicating a strong market presence [3]. - Rohe Auto AS and SKO Motors OÜ are wholly owned by AS Adole Invest, a major automotive group in Estonia, which also represents brands like Porsche, Bentley, and Lamborghini [4]. Group 3: Financial Information - Rohe Auto AS has a registered share capital of €120,000, while SKO Motors OÜ has a registered share capital of €251,000 [5]. - A new real estate holding company will be established with a registered share capital of €10,000 prior to the transaction's completion [5].