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    Home»Real estate»The Estonian Financial Supervisory Authority has cleared the merger of EfTEN Real Estate Fund III AS and EfTEN Kinnisvarafond AS. Information on the merger to the shareholders of EfTEN Real Estate Fund III AS
    Real estate

    The Estonian Financial Supervisory Authority has cleared the merger of EfTEN Real Estate Fund III AS and EfTEN Kinnisvarafond AS. Information on the merger to the shareholders of EfTEN Real Estate Fund III AS

    December 7, 20222 Mins Read
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    EfTEN III Real Estate Fund

    EfTEN III Real Estate Fund

    On December 5, 2022, the Financial Supervisory Authority cleared the merger of EfTEN Kinnisvarafond AS with EfTEN Real Estate Fund III AS.

    EfTEN Real Estate Fund III AS as an acquisition fund and EfTEN Kinnisvarafond AS as an acquisition fund have entered into a merger agreement (signed on 19.09.2022) with the aim of merging EfTEN Kinnisvarafond AS with EfTEN Real Estate Fund III AS without liquidation procedure. As soon as the merger enters into force, that is to say as soon as the merger is entered in the commercial register, EfTEN Kinnisvarafond AS is dissolved. Upon merger, the shareholders of EfTEN Real Estate Fund III AS and EfTEN Kinnisvarafond AS will not have the right to demand the redemption or exchange of shares.
    In addition to the approval of the Estonian Financial Supervisory Authority, the approval of the general meetings of shareholders of both funds is required. Notice of the extraordinary general meeting of EfTEN Real Estate Fund III AS shareholders was published as a stock exchange announcement on 23.11.2022. The merger agreement and other relevant documents related to the merger are available on the fund’s website www.eref.ee.

    Details of the merger are set out in the Merger Information Document attached to fund shareholders. EfTEN Real Estate Fund III AS asks you to read the attached documents.

    Viljar Arakas
    Member of the Management Board
    Phone 655 9515
    E-mail: [email protected]

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