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The purchase of the B-shares of AS Eesti Gaas by AS Infortar

AS Infortar is the parent company of Trilini Energy OÜ and has a majority voting right in it. In February this year, Trilini Energy OÜ made a bid to Fortum Heat and Gas OY for acquiring 51% of the shares of AS Eesti Gaas. The bid was declared successful in the international bidding conducted by Fortum Heat and Gas OY for the sale of the shares and on 30 March this year, Trilini Energy OÜ acquired the shares of AS Eesti Gaas that belonged to Fortum Heat and Gas OY. Thereafter, Trilini Energy OÜ made offers for the same price to purchase the shares of other major shareholders of AS Eesti Gaas, who also accepted the offer. Thereby, Trilini Energy OÜ acquired 37% of the share capital of AS Eesti Gaas from Gazprom in May this year and additional 10% from SIA Itera Latvija in August this year. By now, the holding of Trilini Energy OÜ, being the parent company of AS Infortar, in the share capital of AS Eesti Gaas exceeds 98%.

In relation to the foregoing and as a result of the fact that many minor shareholders of AS Eesti Gaas have expressed a wish to sell their B-shares of AS Eesti Gaas, AS Infortar makes an offer to the existing shareholders of AS Eesti Gaas for a voluntary sale of their B-shares for the price of EUR 0.6690 per share. That was also the price for acquiring the shares of majority holders (Fortum Heat and Gas OY, Gazprom and SIA Itera Latvija) i.e. the same price as offered to the majority shareholders of AS Eesti Gaas for acquiring their shares is also offered for the existing minority shareholders for acquiring their shares.

For more information and for the details of placing a sales order, please turn to AS Infortar – info@infortar.ee; telephone + 372 611 8339, + 372 640 9978

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