Vilnius, Lithuania, 2014-10-15 16:28 CEST (GLOBE NEWSWIRE) -- In accordance with the requirements on the unbundling of gas distribution activity provided for by the Law on Natural Gas of the Republic of Lithuania and other legal acts, as well as in accordance with the decisions of the General Meeting of Shareholders of AB Lietuvos Dujos (hereinafter – the Company) and the Board of Directors, the Company on 15 October 2014 concluded the purchase-sale agreement of the part of enterprise with UAB Lietuvos Duju Tiekimas. UAB Lietuvos Duju Tiekimas is controlled by the main shareholder of the Company, i.e. Lietuvos Energija, UAB.
Under the purchase-sale agreement of the part of enterprise the Company has sold part of enterprise, i.e. the gas supply activity with the assets, rights and obligations attributed to such activity. The price for part of enterprise is LTL 60 457 000 (sixty million four hundred fifty seven thousand litas) (EUR 17 509 557,46 (seventeen million five hundred and nine thousand five hundred fifty seven euro and forty six euro cents)). The price for part of enterprise corresponds to the market value determined by the independent asset assessors.
The purchase-sale agreement of the part of enterprise is concluded pursuant to the Action Plan of the unbundling of the natural gas distribution and supply activities of the Company, coordinated with the National Control Commission for Prices and Energy.
Authorised person:
Jolita Butkiene
Officer of Strategic Development Division
tel. +370 5 236 01 35