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EG Vorguteenused was separated from Eesti Gaas
BC, Tallinn, 20.11.2013.
Print version
Print versionThe shareholders extraordinary meeting of Estonian natural gas company Eesti Gaas decided on Tuesday to separate grid company EG Vorguteenused, so that the subsidiary becomes a sister company, LETA/Public Broadcasting reports.
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Eesti Gaas board member Raul Kotov said that the change doesn't affect the everyday work of Eesti Gaas or EG Vorguteenused.
"According to the natural gas law, the separation by ownership has to be completed by January 2015. This means that the shareholders have time during 2014 to decide what their next steps would be," said Kotov.
The status of a sister company means that Eesti Gaas is no longer a shareholder of EG Vorguteenused and that it is acquired in the same proportions by shareholders of Eesti Gaas.
Eesti Gaas belongs to Gazprom (37%), Ruhrgas (34%), Fortum (18%) and Itera Latvija (10%).
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