Gazprom sells Eesti Gaas stake to Infortar subsidiary ({{commentsTotal}})

Eesti Gaas headquarters in Tallinn.
Eesti Gaas headquarters in Tallinn. Source: (Siim Lõvi/ERR)

State-owned Russian energy giant Gazprom sold its stake in Eesti Gaas to Trilini Energy, a subsidiary of investment firm Infortar. With the new acquisition, the latter now controls 88% of the Estonian gas utility.

Infortar’s CEO Ain Hanschmidt said that this had been the next step after they had bought Fortum’s 51% stake in February. Gazprom’s stake had been 37%. Both companies had received the same offer, Hanschmidt added.

“The next stage expanding our stake is to enter negotiations with Itera Latvija, which holds 10% of Eesti Gaas’ shares, and after that with the small shareholders,” he said.

Eesti Gaas’ annual general meeting elected a new supervisory board in April. Ants Nooda was elected chairman.

Infortar is an Estonian investment firm with €404m equity. They are active in shipping, real estate, the hotel business, and in print. Infortar owns a 38% stake in Tallink, among other businesses.

Editor: Editor: Dario Cavegn



Opinion
Easter Monday a public holiday? But you're forgetting productionEaster Monday a public holiday? But you're forgetting production
Estonia’s Easter Monday time loop: Discussing an additional day off

Every year, Estonia reliably asks itself the question whether or not Easter Monday should be made a public holiday. Opinions differ. While one side emphasizes the importance of family time, the other thinks an additional day off would threaten economic growth.

Minister of Social Protection Kaia Iva (IRL).Minister of Social Protection Kaia Iva (IRL).
Samost: Kaia Iva’s charisma could help IRL out of long-term low

In Sunday’s “Samost ja Rumm” radio debate show, editor-in-chief of ERR’s online news, Anvar Samost, and journalist and former politician Hannes Rumm discussed the potential and actual candidates for the chairmanship of the Pro Patria and Res Publica Union (IRL). At the time of the broadcast, Helir-Valdor Seeder had not yet made his intention to run public.