The auction for the sale of Operail begins

Added on 07.06.2024

Today marks the start of the auction process to divest Operail of all business segments. The sales process is carried out by the investment banking unit of LHV Bank, the legal advisor of the process is Ellex Raidla law firm.

Yesterday, 06.06.2024, the Government Cabinet approved the Ministry of Climate’s proposal to initiate a public auction to privatize all business operations of the state-owned company AS Operail. Operail’s freight and repairs businesses are for sale along with assets, licenses, contracts, employees, and the Operail brand.

Interested parties wishing to participate in the process are requested to contact the organisers of the auction by 21.06:

Mihkel Torim

Hermann Eensaar

Operail’s owner, supervisory board, management board, and employees do not participate in carrying out the auction process. We ask that all questions related to participation in the auction process be addressed directly to the mentioned representatives of LHV Bank.