50.24$US/1 Barrel
58.30$US/1 Barrel
53.70$US/1 Barrel
70.77$US/1 Barrel
75.61$US/1 Barrel
75.71$US/1 Barrel
77.66$US/1 Barrel
68.98$US/1 Barrel
68.83$US/1 Barrel
67.03$US/1 Barrel
51.81$US/1 Barrel
57.57$US/1 Barrel
55.28$US/1 Barrel
62.57$US/1 Barrel
64.72$US/1 Barrel
60.50$US/1 Barrel
62.00$US/1 Barrel
54.25$US/1 Barrel
59.25$US/1 Barrel
60.75$US/1 Barrel
485.00$US/MT
378.00$US/MT
705.00$US/MT
585.00$US/MT
508.00$US/MT
467.00$US/MT
368.00$US/MT
395.25$US/MT
678.00$US/MT
832.75$US/MT
SEATTLE (Oil Monster): Germany-based announced that it has sold 18.26% interest in AS Latvijas Gaze to Energy Investments SIA. The sale of the non-strategic minority equity participation in AS Latvijas Gaze is towards satisfaction of conditions to be fulfilled by the company under EU state aid law in connection with the bailout package by the German government in 2022.
Latvijas Gaze is involved in gas sales in Estonia, Finland, Latvia and Lithuania. As claimed by the company, it is the biggest gas supplier in Latvia’s household sector. The company had reported a revenue of $187.59 million in 2024.
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With this transaction, the stake of Energy Investments has risen to 41.11%. JSC Rietumu Banka owns 28.97%, LLC ITERA Latvija 16%, UAB Haupas 6.15% and Port Investment Co. SARL 5%. Other shareholders hold 2.77%.
Earlier in February this year, Uniper had divested its North American power portfolio, comprising of power purchase and sale contracts and energy management agreements in the North American power markets. Prior to that, it had completed the sale of its natural gas-fired power plant in Gonyu, Hungary, to the local subsidiary of France’s Veolia SA.
The company is required to complete divestiture of remaining assets in the package by 2026, as ordered by the European Commission.