News

  • Acquisition of the Shares of ABC Supermarkets AS

    Today, on April 27th 2020, Selver AS a subsidiary of Tallinna Kaubamaja Grupp AS, has entered into an agreement to acquire 100% of the shares of ABC Supermarkets AS. The transaction shall be completed after obtaining the necessary permissions from the Competition Authority and performing other additional procedures. The nominal value of the shares of ABC Supermarkets AS is 984,239 euros (it consists of 984,239 shares with the nominal value of 1 euro).

    Read more

  • Unaudited consolidated interim accounts for the first quarter of 2020

    In the first quarter of 2020, the unaudited consolidated sales revenue of Tallinna Kaubamaja Group was 175.5 million euros. The growth was 7.4% compared to the first quarter of 2019, when the comparable sales revenue was 163.4 million euros. The net loss of the reporting period was 1.7 million euros, influenced by the income tax calculated on dividends (5.8 million euros). The loss in the first quarter of 2019 was 2.2 million euros, including 6.5 million euros of income tax. The pre-tax profit was 4.1 million euros – 0.2 million euros lower than the result of the previous year. Read more

  • Prolongation of authorities of members of the Supervisory Board of Selver AS and Kulinaaria OÜ

    Tallinna Kaubamaja Grupp AS has resolved as the sole shareholder to prolong the authorities of all members of the Supervisory Board of Selver AS for another 3-year term as of 22 April 2020. The members of the Supervisory Board of Selver AS are Andres Järving (Chairman of the Supervisory Board), Enn Kunila, Jüri Käo and Raul Puusepp. Read more

Tallinna Kaubamaja Group

Operators that form Tallinna Kaubamaja Group mostly pursue their business in the sphere of retail and wholesale trade. The Group companies contribute more than one tenth of retail trade in Estonia in general and employ more than 3,500 people.

Read more