Category: Operail

Estonian Operail to be auctioned off and privatised

Operail, the Estonian state-owned rail freight operator, is for sale. On 6 June, the government approved the imminent privatisation of the company. It has struggled to maintain profitability following sanctions against Russia and Belarus. Operail is now being auctioned off completely. The Estonian climate ministry had made a proposal to that end, which the government…

Operail CEO refutes media accusations: “Operail Finland sold at fair price”

The CEO of Operail, Merle Kurvits, has responded to media attention for Operail Finland’s sale. Estonian media recently said Operail Finland’s sale was a 12 million euro “gift” to the Finnish rail industry. Kurvits refutes the accusations of underselling, saying that Operail sold the subsidiary at a fair price. Operail sold its subsidiary Operail Finland…

Operail Finland sale was 12 million euro “gift” to Finnish business

Estonia lost 12,3 million euros with the sale of the Finnish branch of Operail. Last year, it sold Operail Finland, the former name of the subsidiary, to Nurminen Logistics. Estonia sold the subsidiary at a price below its fair value, leading to allegations of a secret sale. As part of the privatisation of Operail, Estonia…