OREANDA-NEWS. Tallinna Kaubamaja AS published the Stock Exchange announcement on 12 March 2013, which stated that with the intention of improving the structure and making the administration of the group more transparent, the shoe businesses of the group shall be merged. According to the above mentioned Stock Exchange announcement, AS ABC King (acquiring company) shall merge into itself AS Tartu Kaubamaja and OU Suurtuki NK (companies being acquired). In connection to the merger, the business name of AS ABC King was also planned to be changed.

On 17 May 2013 the Commercial Register registered the merger of AS ABC King, AS Tartu Kaubamaja and OU Suurtuki NK. In connection to registration of the merger, AS Tartu Kaubamaja and OU Suurtuki NK were deleted from the Commercial Register. The business name of AS ABC King is as of 17 May 2013 AS TKM King.

According to the merger agreement signed on 12 March 2013 the legal successor of AS Tartu Kaubamaja and OU Suurtuki NK is AS TKM King. By registration of the merger, all assets of AS Tartu Kaubamaja and OU Suurtuki NK were given over to AS TKM King. The merger resolutions were adopted on 12 April 2013. The share capital of the acquiring company does not change.