It looks like the government could even pay Koepke, which has been the only bidder and the winner of a repeated tender to privatize 67.67 percent of shares in Lithuanian Fuel, to save the former Lithu-anian fuel market monopolist from going bust.
The Lithuanian State Assets Fund and the Dutch company, which is engaged in shipping business, have been negotiating privatization terms for more than a month.
Among other things, Koepke wants the state to cover the fuel retailer's debts, including 50.2 million litas ($12.55 million) owed to the World Bank and the European Union, according to Verslo Zinios.
Lithuanian Fuel's financial liabilities total 150 million litas, while its registered share capital amounts to some 90 million litas.
The company has a chain of more than 120 petrol stations which require renovation and major investments.
The talks have been proceeding slowly this summer, but the negotiations will be renewed when SAF Director General Stasys Vaitkevicius returns to work after his summer vacation.
The first attempt to privatize Lithuanian Fuel failed earlier this year as another Dutch company, Trafigura, decided to withdraw its bid for the stake.
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