Airport, Estonia, Financial Services, Transport
International Internet Magazine. Baltic States news & analytics
Saturday, 16.11.2024, 06:54
Olev Schults acquires full contol over 17% Estonian Air
Juhan Tere, BC, Tallinn, 19.01.2010.
Print version
Print versionOlev Schults, one of the founders of investment bank Cresco, has acquired full control over the company, thus gaining control over Cresco's 17-% holding in Estonian national carrier Estonian Air, BBN/LETA reports.
 |
|---|
Schults, who at present heads Supervisory Board of Estonian Air, acquired the remaining share of Cresco from Tõnu Laak, a founder of Hansapank.
Cresco bought 17% of Estonian Air in 1996 when the state privatized 66% of the airline. 49% of shares was acquired by Maersk Air, which in 2003 sold his holding to SAS Group.
«The Baltic Course» Is Sold and Stays in Business!
