Notification on material event
Regarding closing of acquisition of 100 percent of UAB Vėjo Vatas and UAB Vėjo Gūsis shares and claim rights
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 completed acquisition of 100 percent shares of UAB Vėjo Vatas and UAB Vėjo Gūsis and the shareholder’s claim rights on 5 November 2018.
The Company acquired 100 percent shares of UAB Vėjo Vatas and UAB Vėjo Gūsis and the shareholder’s claim rights for the price of EUR 21.76 million.
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.
On 10 October 2018, the Competition Council issued permission to the Company to acquire 100 percent shares of UAB Vėjo Vatas and UAB Vėjo Gūsis and the shareholder’s claim rights.
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. Following this transaction, the Company became the second largest producer of wind energy in the Baltic States, occupying 9% of the total market.
More information: Laura Šebekienė, Head of Corporate Communications of Lietuvos Energija +370 633 99940, email@example.com