Estonia's AS Baltplast announced its plans to make a voluntary takeover offer to the other shareholders of the Estonian lingerie manufacturer, AS Silvano Fashion Group (TLSE:SFG1T). Baltplast has no intentions of taking over the other shares, but instead aims to delist the company from the Nasdaq Tallinn Stock Exchange. Baltplast is the majority shareholder of Silvano Fashion Group with ownership of 25.32% of total shares.