Ekspress Grupp and Eesti Meedia Conclude Compromise in Dispute
OREANDA-NEWS. AS Ekspress Grupp and AS Eesti Meedia concluded an interim compromise in the arbitral dispute. AS Ekspress Grupp will pay EUR 2.7 million to AS Eesti Meedia and will acquire the shares of AS Ajakirjade Kirjastus and AS SL Ohtuleht. The parties will continue the arbitral dispute regarding the final fulfillment of mutual claims, including the final transfer price of AS Ajakirjade Kirjastus and AS Ekspress Grupp's withdrawal from the acquisition of the shares of AS Express Post.
Until the end of the arbitral dispute, AS Ekspress Grupp will not make any further comment on the matter.
Ekspress Grupp will transfer the acquired shares of AS Ajakirjade Kirjastus and AS SL Ohtuleht to OU Suits Meedia according to the previously concluded sale agreement.
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