A consortium has bought a controlling 79.08 per cent stake in Estonia's largest women's clothes maker Klementi from bankrupt Finnish firm PTA Group for 8 million kroons.

The group, which is made up of Estonian risk capital firm Alta Capital, London-based Bonfield Asset Management, Klementi's CEO Madis Vooras and local businessman Sven Mansberg, has also acquired the rights to use the international trademarks PTA, Avenue, MalliMari, MasterCoat, ClubLine and Piretta.

Klementi, which reported a loss of 4.6 million kroons in the first quarter, said the acquisition would help boost exports to Scandinavia.