OÜ Utilitas and City of Tallinn intent to acquire remaining 30% stake in AS Tallinna Vesi (TLSE:TVEAT) for €85.2 million on April 1, 2021. Under the terms of the transaction, OÜ Utilitas and City of Tallinn will offer €14.2 per share and will acquire 6 million A-shares. OÜ Utilitas and City of Tallinn have agreed that the B-share will be cancelled. The offer commences on April 13, 2021 and ends on May 17, 2021. The deal is subject to approval from Estonian Financial Supervision Authority. As of April 12, 2021, Estonian Financial Supervision Authority approved the transaction. All the members of the Supervisory Council, including both independent members of the Supervisory Council, Priit Rohumaa and Allar Jõks, are of the opinion that the offer has no negative impact on ASTV or ASTV’s interests and is not expected to have an impact on the employment relationships of ASTV. OÜ Utilitas and City of Tallinn completed the acquisition of an additional 5.42% stake in AS Tallinna Vesi (TLSE:TVEAT) for €15.4 million on May 17, 2021. Post-closing of offer on May 17, 2021, the shareholders accepting the offer sold 1.08 million A-shares. OÜ Utilitas and City of Tallinn acquired 0.54 million shares each. The payment of the purchase price will take place on May 25, 2021. Post-closing, OÜ Utilitas and City of Tallinn collectively own 75.42% stake in AS Tallinna Vesi.