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Infortar's subsidiary completed the acquisition of shares in Estonia Farmid OÜ
Globenewswire· 2025-07-07 11:30
Group 1 - OÜ Infortar Agro has acquired a 96.6% shareholding in Estonia Farmid OÜ after receiving approval from Estonian and Latvian Competition Authorities [1][2] - The acquisition is part of Infortar's strategy to enhance its position in the dairy industry, which is a significant sector in Estonia known for high-quality milk production [3] - Infortar Agro cultivates 13,100 hectares of land, accounting for 1.33% of Estonia's arable land, and operates dairy farms with a total of 8,200 dairy cows, producing 160 tons of milk daily, representing 6.5% of Estonia's total milk output [5] Group 2 - The company aims to integrate the dairy industry with circular economy principles and renewable energy, proposing the establishment of biomethane plants to produce fuel alongside high-quality milk [4] - Infortar operates across seven countries with diverse activities including maritime transport, energy, and real estate, employing a total of 6,296 people [8] - The transaction is not considered significant under NASDAQ Tallinn Stock Exchange rules and does not impact Aktsiaselts Infortar's overall activities [6]