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Lesto AB Transfers 38.87% Stake of UAB Tetas to Litgrid AB while Litgrid AB Divests 25.03% Stake Held in UAB Elektros Tinklo Paslaugos to Lesto AB
Lesto AB announced, following the decision of Lesto AB’s Board of October 30, 2012, that Lesto AB and Litgrid AB have concluded a share swap agreement on January 7, 2013. Under the share swap agreement, Lesto AB has transferred shares of UAB Tetas owned by Lesto AB and equal to 38.87% of the authorized capital of UAB Tetas to Litgrid AB. In exchange, Lesto AB acquired shares of UAB Elektros Tinklo Paslaugos owned and transferred by Litgrid AB, which amount to 25.03% of UAB Elektros Tinklo Paslaugos authorized capital. After the acquisition, Lesto AB is now the sole shareholder of UAB Elektros Tinklo Paslaugos. UAB Elektros Tinklo Paslaugos provides services of electrical construction, reconstruction, repair and maintenance.
Latest Developments for Litgrid AB
- Lesto AB establishes joined venture company with Litgrid AB, Lietuvos energija UAB and Lietuvos energijos gamyba AB
- Litgrid AB Appoints Mr. Aleksandras Spruogis as Chairman of Supervisory Board
- Litgrid AB Announces FY 2012 Dividend Proposal
- Mr. Arvydas Darulis Resigns from Chairman of Management Board of Litgrid AB
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