Riga/Tallinn - The most valuable company in Estonia is the local subsidiary of Swedish bank Swedbank, according to a new list of the Baltic nation's top 100 businesses issued October 17.
Hansapank, recently rebranded to match the Swedbank name of its parent company, is worth 71.7 billion Estonian kroons (5.6 billion euros) according to the annual GILD100 rankings produced by Tallinn- based investment house GILD Bankers.
Second place was taken by electricity generator Eesti Energia, worth 1.6 billion euros, with another Scandinavian-owned bank, SEB, in third place with a market value of 1.2 billion euros.