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Estonian Government agrees to loan to Talllink Grupp

Estonian Government agrees to loan to Talllink Grupp

The Government of the Republic of Estonia today issued AS Tallink Grupp a working capital loan.

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Tallink says the overall loan cap amounts to EUR 100 million, and the loan can be given in tranches of EUR 10-40 million. The interest rate on the three-year maturity loan is EURibor +2 per cent for 12 months. The loan will be backed with the acquisition group's cash, and will be provided by SA KredEx.

Upon signing the loan agreement, the Company will make a separate stock exchange statement containing details of the assets used to obtain the loan.

Maritime Business World 

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