Regarding the selection of a strategic partner of Amber Grid subsidiary gas exchange GET Baltic
17 March 2023 - 1:00AM
Regarding the selection of a strategic partner of Amber Grid
subsidiary gas exchange GET Baltic
AB Amber Grid, legal entity code: 303090867. Address: Laisvės
pr. 10, LT-04215 Vilnius, Lithuania.
European Energy Exchange AG (EEX) was approved as the winner of
the international public tender aimed at choosing a strategic
partner of the gas exchange GET Baltic. In 2023 March 16 the Board
of Amber Grid made a decision to approve the sale of 66% shares of
the daughter company gas exchange GET Baltic to the buyer EEX for
EUR 6.5 million. The price reflects the financial performance of
GET Baltic in the year 2022 with a revenue of EUR 1.61 million and
an EBITDA of EUR 0.93 million.
This decision of the Board will have to be approved by Amber
Grid's general meeting of shareholders, which will take place in
April 7, 2023.
The strategic partner who offered the highest price for GET
Baltic shares met all the requirements of the public tender. The
rest of the shares – 34% can later be sold via an option to the
same partner, after he fulfills the investor obligations included
in the contract, related to ensuring benefits for the market of the
Baltic states and Finland.
Attached:1. Press release.
More information: Laura Šebekienė, Head of Communications of
Amber Grid,Ph. +370 699 61 246, e-mail:
l.sebekiene@ambergrid.lt
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