News: Acquisition of a Commercial Seaport

PNP Investment Management has acquired a 100% privately owned commercial seaport in Paldiski, Estonia. On 13.11.2025 a deal regarding the acquisition of 100% shares of Paldiski Sadamate AS (Paldiski Northern Port) was made in the notary bureau. This marks the beginning of a new era for the port on its path following the EU green port initiative.

Here follows the press release from the new Supervisory Board:

Paldiski Northern Port (Paldiski Sadamate AS) Changes Ownership
On November 13, 2025, a transaction was completed regarding the shares of Paldiski Sadamate AS (Paldiski Northern Port). The Luxembourg-based fund PNP Investment Management S.à r.l. acquired the shares from the previous long-term owner. The transaction was executed at Tiit Sepp’s notary office.

A new supervisory board has been appointed for Paldiski Sadamate AS, consisting of Oliver-Gerd Vald, Harri Erik Kivelä, and Jaanus Ilumets. The supervisory board has taken office and will immediately begin working on revitalizing and growing the port’s business activities. Aleksandr Kovaljov will continue as the port’s director and a member of the management board.

The new Chairman of the Supervisory Board, Oliver-Gerd Vald, commented briefly:

“In our opinion, Paldiski Northern Ports holds significant untapped potential. Being an ice-free port year-round, it plays an important role in Estonia’s logistical capacity, strategic security, and trade. The completion of this complex transaction structure and the negotiations lasted for approximately 13 months. I strongly encourage exploring the opportunities offered by Paldiski Northern Port and reaching out for potential cooperation.”