April 23, 2020

AS Tallink Grupp’s Explanation and Correction of Facts after Financing Negotiations Land in the Media

What happened?

  • LHV made a loan proposal to Tallink Grupp
  • LHV, disclosed via news agency BNS (Baltic News Service) that it has made a financing proposal to Tallink Grupp thus commencing a public debate on the topic of the financing proposal in the Estonian media.
  • Shortly before, Tallink declined the offer.
  • Because of the media attention and the spread of wrong facts, causing damage to the company’s reputation, Tallink Grupp decided exceptionally to make the terms of the proposal in question public and provide related comments.