The European Bank for Reconstruction and Development (EBRD) has acquired a 3.6% stake in Estonia's port and ferry company Tallinna Sadam (Port of Tallinn).
The IPO raised $172m on the Nasdaq Tallinn Stock Exchange last week.
Sue Barrett, EBRD director of transport, said: “We are proud to support this transaction. This is the first IPO of a major state-owned transport infrastructure asset in the Baltics and one of a few IPOs of a port landlord globally.
