Finnish Railways (VR) are interested in buying a majority holding in Eesti Raudtee, or Estonian Railways, according to an article in Thursday's edition of the business daily Taloussanomat.
The VR President and CEO Henri Kuitunen nevertheless stated that any talks on the matter were still at a very early stage.
Estonia Railways' main owners Baltic Rail Services announced shortly before Christmas that it wished to divest itself of its holding in the company. Baltic Rail Services owns 66 percent of the stock, with the Estonian State holding the remaining 34 percent.
Russian transport companies have been seen as among the possible buyers. The asking price is thought to be in the region of EUR 200 million.
Estonian Railways are active mainly in the goods traffic between Estonia and neighbouring Russia.
The state-owned company Eesti Raudtee was founded in January 1992, after Estonia regained independence, and was subsequently privatised in 2001.
