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Estonia Advances Talks with Investor Lars Thuesen on Sale of Nordic Aviation Group

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The Estonian government has given preliminary approval to proceed with negotiations with aviation investor Lars Thuesen regarding the sale of Nordic Aviation Group and Transpordi Varahaldus, two significant players in Estonia’s aviation sector. This conditional approval allows for the continuation of talks, provided that the Nordic Aviation Group’s board meets specific business performance targets in the coming months. Additionally, Estonia requires the finalization of transaction terms with Thuesen and any other potential buyers before a definitive sale agreement can be reached.

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