Government to Take Over Estonian Railways
Railway Market Magazine: 26 September 2006
Estonian Government took a decision to renationalize Eesti Raudtee (Estonian Railways).
The agreement of privatization of AS Eesti Raudtee is to be revoked, all the sold shares are to be bought back. The costs of the revoking will be covered by the special budget. Andrus Ansip, Estonian prime-minister said.
The Suprema investement bank will be represent the BRS company (the present owner of the railway). The Ministry of Economy and communications will represent the State during the negotiations.
"We are sure, that the offer, we have made for Suprema is very noteworthy. We hope, the negotiations will be successful”, E. Savisaar, minister of Economy and Communications of Estonia, said.