Financial Services, Lithuania, Markets and Companies

International Internet Magazine. Baltic States news & analytics Thursday, 19.04.2018, 20:34

Enlistment of state transport and communication firms on bourse may be considered in few yrs

BC, Vilnius, 17.03.2017.Print version
Enlistment of some Lithuanian state-controlled transport and communications companies on the bourse may be considered in a few years, however, they should first put their operations in order, Transport and Communications Minister Rokas Masiulis said LETA/BNS.

"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.

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