City of Tallinn and Utilitas finalise creation of AS Utilitas Tallinna Soojus
The city of Tallinn and OÜ Utilitas have received a merger permit from the competition authority for the formation of district heating company AS Utilitas Tallinna Soojus and have signed contracts for the transfer of shares. The new company will be jointly owned by the city of Tallinn and Utilitas, with the former holding 33.34% ownership and the latter 66.66%.