Investment bankers: Eesti Energia and Eesti Loto have sales potential (Eesti Päevaleht, in Estonian)

27 May 2009

Due to the current economic situation it is extremely difficult to sell a state-owned company to an international investor. Ärileht asked three investment banks (Redgate Capital, Swedbank and SEB Enskilda) which companies would be easy to sell from the buyer’s point of view.

All three agreed that it is hard to sell Baltic companies, at least for a good price. Of the corporate strategies proposed, selling the minority of the company through the stock exchange should be preferred.

Read Redgate Capital’s full comment here.