Latvian government buys additional 16.05 pct in Conexus Baltic Grid

Latvijas Gaze AS

27/12/2017 12:37

RIGA, Dec 27 (Reuters) - The Latvian government has bought 
an additional 16.05 percent stake in natural gas transmission 
and storage operator Conexus Baltic Grid from Itera Latvija, a 
subsidiary of Russia's Rosneft, state-owned power transmission 
system operator Augstsprieguma Tikls, said on Thursday. 
    The deal, which was concluded on Dec. 19, increases the 
government's share in the operator up to 34.36 
percent. urn:newsml:reuters.com:*:nL8N1OJ1NU 
    Conexus operates the Incukalna underground natural gas 
storage, the largest in the Baltic states. The company was spun 
off from Latvijas Gaze at the end of last year and is 34-percent 
owned by Russia's Gazprom  GAZP.MM . 
 
 (Reporting by Gederts Gelzis, edited by Johan Sennero and Terje 
Solsvik) 
 ((Gederts.Gelzis@thomsonreuters.com;)) 
 
Keywords: LATVIA GAS/