Latvia’s gas TSO acquires Gazprom's stake in Conexus

  • 2020-07-30
  • LETA/TBT staff
State-owned transmission system operator Augstsprieguma Tikls has acquired in late July Russian gas corporation Gazprom's stake in Latvian natural gas transmission and storage operator Conexus Baltic Grid (Conexus), therefore the state of Latvia now has controlling interest in Conexus, the Economics Ministry said. Augstsprieguma Tikls concluded a deal with Gazprom to acquire from the Russian company 34.10 percent of Conexus shares, increasing its stake in the company to 68.46 percent. According to the Economics Ministry, the state therefore has full...
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