Port of Tallinn Paid Dividend of 416.6 Million Estonian Kroons to the State in 2009
On 27 November, Port of Tallinn paid dividend of EEK 386.6 million (EUR 24.7 million) to the owner, including an additional dividend in the amount of EEK 316.6 million (EUR 20.2 million) established by the Government of the Republic Order No 486 of 12 November 2009. Therefore, Port of Tallinn has paid to the state the total dividend of EEK 416.6 million (26.6 million) payable for 2009.
EEK 30 million (EUR 1.9 million) of the total dividend amount as approved by the state for Port of Tallinn based on the consolidated annual accounts for 2008 and payable for 2009 was paid by the company to the state on 29 May 2009.
In 2009, Port of Tallinn has concluded financing agreements in the total amount of EUR 120 million (EEK 1.9 billion). European Investment Bank (EIB) has made a positive decision regarding the additional financing of the expansion of the eastern part of Muuga Harbour, a constituent harbour of Port of Tallinn, in the amount of EUR 11.5 million (EEK 179.9 million) and the relevant financing agreement is being drafted. Considering the estimated annual volume of investments and dividends for the next year, the signing of the EIB loan agreement would cover the demand for foreign capital of the entire company also for 2010.