Baltika of Estonia Says E. Miroglio Cuts Its Stake to 9.53%

AS Baltika, the third-largest Baltic clothing retailer, said E. Miroglio SA cut its stake in the company to 9.53 percent as of June 1, after converting preference shares into common shares, according to a regulatory statement released today.

To contact the reporter on this story: Ott Ummelas in Tallinn at oummelas@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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