Investment banker sells holding in bathtub manufacturer

Estonian banker Rain Lõhmus has sold his holding in Estonian bathtub manufacturer Balteco to the company’s supervisory board chairman Jaak Pählapuu who now owns almost 30 percent of the company, writes Äripäev.

Pählapuu did not comment the sales price nor his plans after becoming a majority shareholder.

Lõhmus had acquired his holding from Mati Vann, the company’s founder, reportedly paying 27.5 million kroons for it.

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