In pursuance of the decision of the Management Board of AB Kauno Energija of June 16, 2016 No. 2016-12-5 “Regarding acquisition of the shares of UAB Petrašiūnų Katilinė and approval of the project of purchase – selling agreement”, AB Kauno Energija and UAB E energija signed an agreement on June 23, 2016 on acquisition of the shares of UAB Petrašiūnų Katilinė. Shares acquisition transaction will be considered accomplished and will become valid after approval of the Extraordinary General Meeting of Shareholders, after permission from The Competition Council of the Republic of Lithuania for concentration is received and after the conclusion that AB Kauno Energija meets National Security interests of Commission of Evaluation of Conformity of Potential Participants to National Security Interests.
The tentative price of 100 per cent of the shares of UAB Petrašiūnų Katilinė, that operates 19.2 MW capacity biofuel burned boiler-house, situated in R. Kalantos str. 49, Kaunas, is 2,066,650 euros (two million sixty six thousands six hundred and fifty euros). The final price of the shares will be determined after assessment of financial indicators of UAB Petrašiūnų Katilinė on the day of transaction completion.
The transaction is planned to be completed until August 30, 2016.
Loreta Miliauskienė, Head of the Economics and Planning Department, tel. +370 37 305 855