Financial Services, Lithuania, Markets and Companies
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Saturday, 27.04.2024, 02:13
Enlistment of state transport and communication firms on bourse may be considered in few yrs
"I would not want to specify any companies at the
moment. I believe the biggest companies should consider the possibility,
however, the first step would be putting the companies in good shape,"
Masiulis told.
In his words, before a decision to enlist a state-run
company on the stock exchange is taken, objectives and benefits of the step
should be analyzed.
"After getting the companies in good shape, we would
think about the benefits of the enlistment. For instance, the companies may
need capital for large projects. Another option is that the state would make
the decision to enlist as many companies as possible. This is a far-reaching
perspective we are not ruling out," said the minister.
The biggest companies controlled by the Transport and Communications Ministry include Lietuvos Gelezinkeliai (Lithuanian Railways), Lietuvos Pastas (Lithuanian Post), Lietuvos Oro Uostai (Lithuanian Airports) and the Klaipeda Seaport Authority
.
Currently, shares of state-controlled energy companies
Energijos Skirstymo Operatorius (ESO), Lietuvos Energijos Gamyba, Klaipedos
Nafta, Amber Grid and Litgrid are quoted on the Nasdaq Vilnius stock exchange.