Notice of the concentration of TAK and TTTK

Print

roheline_tappWhat is a concentration
roheline_tapp
Decisions and orders for preparing the merger


On 18 July 2012, an amendment to the commercial register made by the registration department of Harju County court merged Tallinn Bus Company (TAK) and Tallinn Tram and Trolleybus Company (TTTK). This was the final legal step in the concentration of the two companies, where TAK was the acquiring company and TTTK the company being acquired.

As of 18 July 2012, Tallinn Bus Company and Tallinn Tram and Trolleybus Company ceased to exist and the new city transport company, Tallinna Linnatranspordi AS started its operations.
 


TO OUR DEAR COOPERATION PARTNERS!
Information about Tallinna Linnatranspordi AS, which was formed as a result of the concentration of TAK and TTTK, is available HERE

Members of the advisory board of Tallinna Linnatranspordi AS as of 18.07.2012
Taavi Aas, Deputy Mayor of Tallinn, Chairman of the Supervisory Board
Toomas Vitsut, Chairman of the Tallinn City Council
Toivo Tootsen, Member of the Tallinn City Council 
Igor Kravtšenko, Member of the Tallinn City Council
Siret Kotka, adviser at the Tallinn City Office
Tiit Kivikas, Member of the Mustamäe Administrative Council
Kalev Kallo, Member of the Riigikogu

Basis: Order No. 605-k of 25 April 2012 of Tallinn City Council and the explanatory memorandum on the removal and appointing of members of the advisory board of Tallinna Linnatranspordi Aktsiaselts, which was formed as a result of the concentration of TAK and TTTK. The order shall enter into force when an entry on the statutes of Tallinna Linnatranspordi Aktsiaselts is made to the commercial register by the registration department of Harju County Court.

Members of the management board of Tallinna Linnatranspordi AS as of 18.07.2012
Enno Tamm, Chairman of the Management Board
Jüri Nõmmsalu, Member of the Management Board
Toomas Sepp, Member of the Management Board
Leonid Mihhailov, Member of the Management Board
Jüri Malken, Member of the Management Board


roheline_tapp16.07.2012: On 16 July 2012, the registration department of Harju County Court were submitted two applications for entries regarding the concentration of Tallinn Bus Company and Tallinn Tram and Trolleybus Company:

1. making a declarative merger entry on the registry card of the company being acquired (TTTK), and
2. making an entry of deletion on the company being acquired (TTTK).

Harju County Court has 21 days for conducting the proceedings on the entry applications. After Harju County Court has registered the entries, the legal process of the concentration of the two companies shall be finished and a new company – Estonia’s largest city transportation company – will emerge under the name Tallinna Linnatranspordi AS.

roheline_tapp15.06.2012: With Decision No. 89 of 14 June 2012 , the city council of Tallinn approved the merger of Tallinn Bus Company and Tallinn Tram and Trolleybus Company, and the merger contract signed and notarised on 3 April 2012. The decision of the council also approved the amending of the statutes of the Tallinn Bus Company and approved the articles of association of the new company, Tallinna Linnatranspordi Aktsiaselts. The decision is up for dispute in the administrative court of Tallinn for a period of 30 days since announcing the decision; see also Procedure of the proceedings and Draft copy.


What is a concentration?

According to subsection 19 (1) of the Competition Act, concentration is deemed to arise when previously independent undertakings merge.

On 11 January 2012, Tallinn city government decided to form a temporary commission to prepare the merger of Harju County court merged Tallinn Bus Company (TAK) and Tallinn Tram and Trolleybus Company (TTTK).

In the merger, the public transportation company TTTK (company being acquired) merges with TAK, the other public transportation company (acquiring company).

The commission will present its management report to Tallinn city government by 30 April 2012. The merger of TAK and TTTK is planned by 31 December 2012, at the latest.

On 11 January 2012, Edgar Savisaar, Mayor of Tallinn, announced the idea that from January 2013, residents of Tallinn should be able to ride for free on buses, trams, and trolleybuses. The idea would be realised if it received the support of the public in the referendum conducted between 19-25 March. At the same time, at the press conference held on 11 January 2012, the Mayor also explained that revenues lost from the city budget with the implementation of free public transport can be covered by a significant decrease in the expenditure on water and sewage supply repairs, now in their final stage, as well as an increase in income tax as the population of the city increases, and merging Tallinn Tram and Trolleybus Company (TTTK) with Tallinn Bus Company (TAK) and reorganising the work of the municipal police.
 

City government’s decisions and orders for preparing the merger:

roheline_tapp26.04.2012 Tallinn city government meeting of 25 April 2012: During its meeting of 25 April 2012, Tallinn city government approved the merger of TAK and TTTK. Tallinn Bus Company shall be renamed Tallinna Linnatranspordi Aktsiaselts (Tallinn City Transport Company). At the same time, the statutes of Tallinna Linnatranspordi Aktsiaselts are approved, entering into force as an entry is made on the matter to the commercial register by the registration department of Harju County Court. See also Minutes of the meeting, the ruling, its annex and explanatory memorandum.

roheline_tapp26.04.2012 Tallinn city government meeting of 25 April 2012: During its meeting of 25 April 2012, Tallinn city government was presented with the management report of the temporary commission preparing the merger of TTTK and TAK, and approved the commission’s activities between 11 January and 25 April 2012. See also: Explanatory memorandum on the management report of the temporary commission preparing the merger

roheline_tapp25.04.2012 Tallinn city government meeting of 25 April 2012: Order and explanatory memorandum of Tallinn city government on the removal and appointing of members of the advisory board of Tallinna Linnatranspordi Aktsiaselts, which was formed as a result of the concentration of TAK and TTTK. The order shall enter into force when an entry on the statutes of Tallinna Linnatranspordi Aktsiaselts is made to the commercial register by the registration department of Harju County Court.

roheline_tapp13.04.2012 Ruling No. 5.1-5/12-012 of 10.04.2012 by the Estonian Competition Authority on granting the permission for the concentration which merges Tallinn Bus Company and Tallinn Tram and Trolleybus Company (full text of the ruling added)

According to subsection 27 (12) of the Competition Act, the Estonian Competition Authority declares that with Ruling No. 5.1-5/12-012 of 10.04.2012 by the Estonian Competition Authority, permission was granted for the concentration which merges Tallinn Bus Company and Tallinn Tram and Trolleybus Company in the manner provided by clause 19 (1) 1) of the Competition Act.

roheline_tapp11.04.2012 Merger notice in the publication “Avalikud teadaanded”

roheline_tapp20.02.2012 Invitation to participate in the competition for finding a name for the new joint enterprise

roheline_tapp15.02.2012 Notice sent to the Estonian Competition Authority on the merger of TAK and TTTK

roheline_tapp12.01.2012 Tallinn city government forms a commission to prepare the merger of TAK and TTTK (city government order No. 51, 11.01.2012)

roheline_tapp11.01.2012 Postimees: Tallinn has found financing sources for free public transport

roheline_tapp11.01.2012Enno Tamm, Chairman of the Management Board of TAK: if the city can afford it, we welcome free public transport

roheline_tapp11.01.2012Mayor of Tallinn: public transport should be free in Tallinn

 

 

See postitus on ka Eesti keeles

Üles