Trilini Energy acquisition of 51.4% stake in Eesti Gaas

Overview:

• Trilini Energy. has acquired a 51.4% shareholding in Eesti Gaas, the Estonian main natural gas import, sales and distribution company, from Finnish energy company Fortum.
• Trilini Energy also made purchase offers to Gazprom, who owns 37% of Eesti Gaas, and to Itera Latvija, which holds 10%, while the minority shareholders hold 1.57% of the shares in Eesti Gaas combined.  
• Fortum is to make €12 million profit before taxes from the transaction.

Wai Yee Tsang - Journalist