TARK advised Eesti Talleks on Škoda and Porsche car business sale transaction


Eesti Talleks AS and Semler Baltic OÜ, a subsidiary of the Danish Semler Gruppen, signed a contract on Tuesday for the sale by Eesti Talleks of a 50 per cent holding in the Adole Invest AS group. The group is composed of the importer and dealers of Škoda and Porsche vehicles. “Today we have reached an agreement to divest our share, which enables Eesti Talleks to focus on our strategic field of real estate development”, Taavi Toots, the chairman of the board of Eesti Talleks AS, commented.
Eesti Talleks AS is an Estonian holding group of real estate, vehicle sales and wholesale companies.

The group consists of 10 companies and employs 260 people. Last year, the consolidated turnover of companies belonging to the Eesti Talleks group was 76 million euros.