Name: AS Tallinna Vesi (Tallinn Water Ltd.)
Core business: Water supply and wastewater collection and treatment services
Date of establishment: 1967 (Tallinn Water Works & Sewerage Management)
Date of registration: 1997 registered as stock company AS Tallinna Vesi
Auditor: PricewaterhouseCoopers AS
Date of listing: 1 June 2005 (Main List)
Other listings: -
Background Information
Tallinna Vesi is the largest water utility in Estonia, providing drinking water and wastewater disposal services to over 400 000 people in Tallinn and in several of the neighboring municipalities, and has exclusive rights to operate this service until 2020. The Company operates a 2,000 km2 catchment area to collect raw water, and owns and operates the full range of assets required to treat and supply water and collect and dispose of wastewater and stormwater. The Company is IS09001, ISO14000, ISO 17025 and EMAS accredited.
Tallinna Vesi is a classic example of a company transforming itself from a 100% owned municipal water company, through a privatisation in 2001, to a listing on the Tallinn Stock Exchange in June 2005. The Company is at present owned 35.4% by UU Tallinn B.V, 34.6% by the City of Tallinn with 30% in free float.
The company’s main attractions are visibility of earnings as tariffs are agreed up to 2010 and the opportunity to grow through expansion into the areas surrounding Tallinn.