Uniper decides to divest a 28.97 % stake in Latvijas Gāze JSC (LG)
Uniper has agreed to sell a 28.97 % stake in Latvijas Gāze JSC (LG) to the Marguerite Fund
LG is the sole natural gas utility in Latvia with exclusive rights to transmission, storage, distribution and trading of natural gas in the country. The shares have been sold through a structured sale process. The purchase price and other details are contractually subject to non-disclosure.
The agreed transaction is a result of constructive negotiations which started in early 2015. The transaction was executed in Riga, Latvia, on 28 January 2016. Uniper will remain a shareholder of LG with an 18.26 % stake.
This press release may contain forward-looking statements based on current assumptions and forecasts made by the Uniper Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper AG does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.
