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Tallinna Kaubamaja AS Announces Division for Itself and Its Subsidiaries


Monday, 1 Oct 2012 09:45am EDT 

Tallinna Kaubamaja AS (TK) announced that the Registry Department of Harju County Court (RDHCC) has registered the division of TALLINNA KAUBAMAJA AKTSIASELTS (TKA). According to the division agreement signed on July 16, 2012, TKA transferred upon distribution its Tallinn and Tartu department store business to the recipient company, which is Kaubamaja AS. Kaubamaja AS is a 100% subsidiary of TK. TK also announced that the RDHCC has registered the division of the subsidiary of TKA, Selver AS (SAS). According to the division agreement signed on July 16, 2012, SAS transferred upon distribution its central kitchen related business the recipient company, Kulinaaria OU, a 100% subsidiary of SAS. TK also announced that the Registry Departments of Harju and Tartu County Court has registered also the division of the subsidiary of TKA, Tartu Kaubamaja AS. According to the division agreement signed on July 16, 2012, Tartu Kaubamaja AS transferred upon distribution its security related business to the recipient company, which is Topsec Turvateenused OU, a 100% subsidiary of TKA. The divisions were intended for the purpose of improving the structure and making the administration of the group of TKA more transparent. The transaction was advised by PwC Legal. 

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