Regarding the conclusion of the transaction on the sale of share of business

AB Energijos Skirstymo Operatorius (hereinafter – the Company or ESO), code 304151376, registered office address Aguonų St. 24, Vilnius. The total number of the registered ordinary shares issued by AB Energijos Skirstymo Operatorius is 894 630 333; ISIN code – LT0000130023.

The Company hereby informs that on 21 September 2018 it concluded a transaction on sale purchase of business segment whereby ESO as of 1 October 2018 shall transfer the business segment of the public supply of electric energy with the related assets, rights and duties (hereinafter – the Business segment) to Lietuvos Dujų Tiekimas, UAB (hereinafter – LDT), legal entity code 303383884, registered office address Žvejų St. 14, LT-09310. Vilnius, Lithuania.

The Decision of the Board of the Company regarding the conclusion of the contract on the sale of the public electricity supply operations with LDT was approved by the Supervisory Board of the Company on 29 August 2018 on the basis of positive opinion of the Audit Committee of the parent company Lietuvos Energija, UAB.

The Business segment being sold under the contract is the operations of the public supply of electric energy. Having sold the operations of the public supply of electric energy to LDT, The Company will continue generating proceeds for the distribution and guarantee supply of electric energy and natural gas, operation, maintaining, control and development of electricity and natural gas grids, ensuring their safety and reliability. No tangible assets owned by ESO will be used for carrying out the operations of the Business segment under the sale contract. 

The ownership rights to the Business segment being sold will be transferred to LDT as of 1 October 2018, upon a signature of the Transfer - Acceptance Statement between Company and LDT.

As it was informed earlier the value of the Business segment being sold was determined by an independent property valuer UAB Ernst & Young Baltic. According to the opinion of the independent valuator the market price of the Business segment was set at EUR 30,520,000 (thirty million five hundred twenty thousand euros).

Given that the public supply electricity operations constituting the Business segment are continuous which causes changes in the Business segment in the period from the cut-off balance sheet of 30 June 2018 until the transfer of the Business segment on 1 October 2018, the price of the Business segment as specified below can be adjusted.

The transaction was concluded with a view to ensuring more transparent operations of the distribution system operator and refining the operations regulated by the State.


Information is not confidential.


Representative for Public Relations of Energijos Skirstymo Operatorius AB Tomas Kavaliauskas, tel. +370 61751616, e-mail.: tomas.kavaliauskas@eso.lt