TGS Baltic has advised Eesti Post/Omniva on its acquisition of Express Post from Ekspress Grupp and Postimees Grupp.
The transaction remains contingent on regulatory approval.
Express Post, established in 1997, delivers press publications, advertising materials, and business letters in and around the largest cities in Estonia. Express Post also provides a call center service and subscriber database management services.
Eesti Post is a state-owned postal services company in Estonia. As of June of 2014, Eesti Post has combined most of its services under the trademark Omniva.
According to TGS Baltic, the purpose of the transaction is to find a more sustainable business model for the newspaper delivery service.
TGS Baltic’s team included Partner Kadri Kallas, Counsel Triinu Jarviste, and Associate Mari Anne Valberg.
TGS Baltic did not reply to our inquiry on the matter.