Changes in the management boards of the subsidiaries

The Supervisory Board of KIA Auto AS, the subsidiary of Tallinna Kaubamaja Grupp AS, has resolved to prolong the authorities of member of the Management Board. As per resolution of the Supervisory Board, Sven Litvinov shall continue as member of the Management Board and his term of authorities was prolonged for another 3-year term as of 1 November 2017....

Founding a sales and service centre for new and used cars by Škoda in Latvia

In a company announcement published on 4 July 2017, Tallinna Kaubamaja Grupp AS announced their plans to found a subsidiary in Latvia with the aim to develop car trade. On 12 July 2017, VERTA AUTO SIA was entered into the Latvian commercial register.

Unaudited consolidated interim accounts for the second quarter and first six months of 2017

The unaudited consolidated sales revenue of the 2nd quarter of 2017 of Tallinna Kaubamaja Group was 164.6 million euros, indicating an increase of 9.4% in a year-on-year basis. The sales revenue of the first six months was 315.3 million euros...

Founding a subsidiary

Announcement of an architectural competition for the Tallinna Kaubamaja quarter

Today, on 12 June 2017, an architectural competition is announced in cooperation with the Tallinn City Planning Department and the Estonian Association of Architects for renewing the Kaubamaja quarter - the registered immovables of 2 Gonsiori St. / 6 Rävala Ave. The top architects in Estonia and international firms are expected to participate in the reputable architecture competition. The...

Supreme Court did not accept for review Selver AS’ appeal

On 15.12.2016 Tallinn Circuit Court ruled to leave unchanged Harju County Court’s ruling of 29.04.2015. Harju County Court convicted Selver AS, a subsidiary of Tallinna Kaubamaja Grupp AS (stock announcement 16.12.2016). Selver AS, being convinced that they have not contravened the law, appealed the ruling to the Supreme Court.  Yesterday, on 7.06.2017, Supreme Court informed Selver AS that it...

Prolongation of authorities of members of the Supervisory Board of Selver AS

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 21 April 2017. The members of the Supervisory Board of Selver AS are Andres Järving (Chairman of the Supervisory Board), Enn Kunila, Jüri Käo and Raul Puusepp.

Unaudited consolidated interim accounts for the first quarter of 2017

The total consolidated unaudited sales revenue of Tallinna Kaubamaja Group of the 1st quarter of 2017 was 150.7 million euros. Compared to the 1st quarter of 2016, when the sales revenue amounted to 136.9 million euros, the growth was 10.1%.

Decisions of the annual general meeting of shareholders of Tallinna Kaubamaja Grupp AS 23.03.2017

The Annual General Meeting of Shareholders of Tallinna Kaubamaja Grupp AS was held on 23 March 2017 in the Conference centre of Nordic Hotel Forum, Viru väljak 3, Tallinn. 32,948,247 votes, i.e. 80.90 % of the Company`s 40,729,200 votes were represented at the meeting.

Judgement of the Administrative Regional court of the Republic of Latvia regarding KIA Auto AS and Tallinna Kaubamaja Grupp AS

On 10 March 2017, the Administrative Regional court of the Republic of Latvia delivered a judgment about the legality of decision of the Latvian Competition Council of 7 August 2014 with respect to Tallinna Kaubamaja Grupp AS and its subsidiary, KIA Auto AS (initial stock exchange announcement 21 August 2014).