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Singapore’s Energy Capital Holdings joins Lithuania’s KTE as new shareholder
BC, Vilnius, 25.02.2016.
Print version
Print versionSingapore’s Energy Capital Holdings has joined Kauno Termofikacijos Elektrine (Kaunas Combined Heat and Power Plant, or KTE), which is indirectly owned by businessman Rimandas Stonys, as a new shareholder, informs LETA/BNS.
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According to the data from the Center of Registers, the new KTE shareholder was registered on Feb. 19. Until then, KTE had a sole shareholder – Luxembourg-registered Power Equity Investments, controlled by Stonys.
KTE spokesman Arunas Armalis could neither confirm nor deny to BNS that the Singaporean company was controlled by Stonys.
“The key shareholder, Stonys, is away now and I can’t make any comments about shareholder changes for the meantime,” he told BNS.
Last November, KTE integrated its key shareholder, Luxembourg-registered Power Equity Investments.
In 2014, the revenue of KTE group fell by an annual 38.8% to 48.203 million euros whereas consolidated net profit rose by 23% to 2.453 million euros.
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