The Ministry of Climate has contacted seven interested parties from Europe regarding the sale of the Estonian national airline Nordica and it is planned to reach a preliminary agreement on the transaction with at least one of them by January, public broadcaster ERR writes.
“Initial materials were sent out to the interested parties before Christmas, and we’ll be awaiting more detailed feedback in the first weeks of January. The process has gotten a bit more formal,” Sander Salmu, deputy secretary general for mobility at the Ministry of Climate, said according to the English-language news portal of ERR.
While November and December were spent meeting with potential interested parties, according to Salmu, Superia, the company advising on the sale of the airline, has now sent initial information to seven potential suitors. According to the deputy secretary general, all seven potential buyers are European companies.
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