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Ministry prepares to buy back rail company

Jan 25, 2006
By Kairi Kurm

TALLINN - The Ministry of Economy and Communications announced that it was preparing a proposal for the government to purchase 66 percent of the capital stock in Estonian Railway from the U.S. and Estonian investors who bought the company in 2000.Economy Minister Edgar Savisaar was quoted by the Eesti Paevaleht daily this week as saying there was "a great probability that the Economy Ministry has come to the position that we support repurchase.""There are debates underway over the price and the ...

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