The court accepted the bankruptcy filing by Tallinna Sadam against MPG AgroProduction OÜ

On 28.06.2018, Tallinna Sadam and MPG signed a 99-year cooperation agreement and building title agreement for the development of an oilseeds processing and logistics complex at Muuga Harbour. In connection with the project, the necessary studies have been carried out and a preliminary project has been prepared.The obligations of Tallinna Sadam regarding the launch of the project have been fulfilled: the development area has been cleared of the equipment of the former coal terminal and...

On 28.11.2023, 13/12/2023 (informazione.it - comunicati stampa - turismo)

On 28.06.2018, Tallinna Sadam and MPG signed a 99-year cooperation agreement and building title agreement for the development of an oilseeds processing and logistics complex at Muuga Harbour. In connection with the project, the necessary studies have been carried out and a preliminary project has been prepared.

The obligations of Tallinna Sadam regarding the launch of the project have been fulfilled: the development area has been cleared of the equipment of the former coal terminal and handed over to the developer. In the past, suitable quays have also been built in the area, and Tallinna Sadam had no need to make any additional investments.

According to Margus Vihman, CCO of Tallinna Sadam, the market situation has changed in five years and unfortunately it is not possible to implement the project. "However, we see a perspective in the further implementation of the port infrastructure released from the MPG project in new projects, as the long deep quays are capable of serving Panamax-type large ocean vessels and could also be used to handle local import-export," said Vihman.

Additional information:

Marju Zirel
Head of Investor Relations
Tel. +372 53 42 6591
E-mail: m.zirel@ts.ee