The Lithuanian transmission operator Litgrid AB (company code 302564383, registered address Karlo Gustavo Emilio Manerheimo str. 8, Vilnius) announced on 28 October 18.8 between the Danish and Finnish transmission system operators Energinet and Fingrid. entered into an agreement to acquire a stake in NOK 134 794 713.4 million (approximately EUR 13 million) shares in TSO Holding (total – 37.6%).
Upon completion of the share acquisition transaction, ownership of the purchased shares will be transferred to LITGRID AB within 5 business days of signing the contract upon payment of the purchase price. Upon completion of these transactions, Litgrid AB’s stake in TSO Holding will increase to 39.6% of his stake.
In September, Litgrid AB received an order from parent company EPSO-G to purchase these shares. UAB EPSO-G also decided to purchase all newly acquired shares later this year, together with his TSO Holding shares already owned by Litgrid AB, for approximately €13 million.
TSO Holding is a minority shareholder of Nord Pool Holding and owns a 34% stake in Nord Pool Holding. Nord Pool Holding owns 100% of the Nord Pool Electricity Exchange. Nord Pool provides power exchange services in Central and Western Europe, Great Britain, Nordics and the Baltics. The exchange trades power and provides clearing and settlement services. The remaining 66% of Nord Pool Holding is owned by European stock exchange group Euronext Nordics Holding.
Individuals authorized by Litgrid AB to provide additional information:
Jurga Eyvaite
Communications Project Manager
Phone: +370 613 19977
Email: jurga.eivaite@litgrid.eu
