Viking Motors AS to start operating as the official distributor of Peugeot in Estonia

Viking Motors AS, subsidiary of Tallinna Kaubamaja Grupp AS, will start operating as the official distributor of Peugeot in Estonia from 1 January 2018. Until now, Tallinna Kaubamaja Grupp AS has had the right of sale of Peugeot vehicles in Latvia. KW Bruun Baltic OÜ, the importer of Peugeot vehicles in the Baltic countries, and Viking Motors AS have...

Results of an architectural competition for the Tallinna Kaubamaja quarter

Tallinna Kaubamaja Grupp AS announced in a stock exchange release of 12 June 2017 that an architectural competition shall be 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. Today, 15 November 2017, the results of...

Unaudited consolidated interim accounts for the third quarter and first nine months of 2017

The unaudited consolidated sales revenue of the 3rd quarter of 2017 of Tallinna Kaubamaja Group was 160.9 million euros, exceeding the sales revenue of the previous year 8.6%. The sales revenue of nine months was 476.2 million euros, having grown by 9.4% compared to the first nine months of 2016, when the sales revenue amounted to 435.5 million euros.

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.