Government must buy out minority shareholders' shares of Lietuvos Elektrine
2014-11-24, 12:15
Published in
Economy
Fot. Marian Paliuškevič
On 19 November, the Supreme Court of the Republic of Lithuania adopted decision by cassation in cases regarding the legal obligation of the state of buyout of the shares of the expired legal entity AB Lietuvos Elektrine of the minority shareholders and the correct pricing of these shares. The court stated that the legal obligation for buyout of shares of the state is intact and also found that the price of buyout of these shares in question is fixed at LTL 6.13 (EUR 1.77) per share. Decision of the court will be implemented in accordance with legal acts, Lietuvos Energijos Gamyba AB, the national electricity generation company, reported.
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