World News: 09:23 GMT Friday 10th August 2018. [Lietuvos Energija UAB via Globe Newswire via SPi World News]
Lietuvos Energija, UAB, (hereinafter – the Company) identification code 301844044, registered office placed at Žvejų str. 14, Vilnius, Republic of Lithuania. The total nominal value of issued bonds 600 000 000 EUR; ISIN codes XS1646530565; XS1853999313.
Pursuant to the decision of the Managing Board dated 16 July 2018 and approval of the Company’s shareholder to the decision of the Managing Board dated 27 July 2018, the Company and UAB “Stemma Group” concluded share sale-purchase agreements for the acquisition of 100 percent shares of UAB “Vėjo vatas” and UAB “Vėjo gūsis” and the shareholder’s claim rights on 10 August 2018.
UAB “Vėjo vatas” operates a wind farm of 14.9 MW and UAB “Vėjo gūsis” operates wind farms with the capacities of 10 MW and 9.1 MW.
On 18 July 2018, the Company appealed to the Commission for the Protection of Objects of Importance to Ensuring National Security of the Republic of Lithuania (hereinafter – the Commission) with a request to verify the transactions. The Commission adopted a decision not to commence a verification process of compliance of the transactions with the interests of national security.
The Company is planning to appeal notification regarding assessment of concentration to the Competition Council of the Republic of Lithuania.
Such acquisitions correspond to the strategy of the Company, expand and diversify its activities, increase the Group’s value, as well as dividends paid to the State.
For more information: Head of Lietuvos Energija Corporate Communication Projects Artūras Ketlerius, +370 620 76076, firstname.lastname@example.org
Globe Newswire: 09:23 GMT Friday 10th August 2018
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