TALLINN, Jan 3 (LETA--BNS) The supervisory board of listed Estonian media holding AS Ekspress Grupp has decided to carry out several changes in the group structure in order to increase management efficiency and transparency, simplify the group structure and streamline the provision of corporate financial services.

The supervisory board decided to merge UAB Login Conferences with UAB Delfi and dissolve UAB Sport Media in Lithuania. In Latvia, SIA Delfi Entertainment will be dissolved. The companies to be dissolved are currently dormant, AS Ekspress Grupp informed the stock exchange on Friday.

In Estonia a new wholly-owned subsidiary, OU Ekspress Finants, will be set up through a spin-off from AS Printall and the group's financial unit will be combined with it. The new company will provide corporate financial and accounting services to the group's subsidiaries in Estonia.

The transactions will have no impact on the consolidated profits, assets or liabilities of AS Ekspress Grupp.

AS Ekspress Grupp is a media group active in Estonia, Latvia and Lithuania that launched its operations in 1989. The group employs a workforce of 1,700 people.

© Pakistan Press International, source Asianet-Pakistan