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State water company attracts investors

Oct 01, 1998
Urmas Maranik

TALLINN - The Tallinn water utility Tallinna Vesi, which is owned by the city, has recently become an attraction for various foreign investors looking for a stake in the company. The latest proposal came in mid-September from American investment company Atlantis Fund, which is interested in investing between $15 and $25 million in the form of convertible bonds. "At a meeting with the authorities of Tallinn, [Atlantis Fund Director] Philip Dyk offered a deal in which the investor would recover th ...

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