Upon the completion of LITGRID’s acquisition on the 31st of October, its stake in TSO Holding was increased up to 39.6%.
Later in 2022, UAB EPSO-G acquired 39.6% of shares in TSO Holding from its subsidiary LITGRID. The transaction was closed on the 30th of November.
After the closing, EPSO-G holds the largest stake (39.6%) in TSO Holding. The remaining shareholding in TSO Holding is held by the Norwegian and Swedish electricity TSOs, Statnett (32.2%) and Svenska Kraftnat (28.2%), respectively.
TSO Holding is a minority shareholder (34%) in Nord Pool Holding AS, a company based in Norway. Nord Pool Holding AS owns 100% of the Nord Pool electricity exchange. Nord Pool provides electricity exchange services in Central and Western Europe, the United Kingdom, and the Nordic and Baltic countries. The exchange trades electricity and provides clearing and settlement services. The remaining 66% of Nord Pool Holding AS is held by Euronext Nordics Holding, a European stock exchange group.
The TGS Baltic team assisted the client on all transaction-related matters, in structuring the three transactions and negotiating regarding the share purchase agreements. Our experts Rita Paukštė and Augustė Linauskaitė advised the client on regulatory matters.