The Baltic Course: Chinese Businessman Wants to Buy Eesti Gaas

In mid-April this year, Thomas Fok made a proposal to Fortum to sell 51% of the shares of Eesti Gaas. The Chinese businessman offered the Finns for the transaction EUR 20 million, which according to a source of Postimees exceeded almost twice the offer made by the gas company's minority shareholders.

Eesti Gaas major shareholders Fortum (51%) and Gazprom (37%) are planning to sell their stakes in the former gas monopoly due to the opening of the gas market.

Fok sent via his representative Martin Napa a greeting to Postimees, where he confirmed his intentions, but suggested to talk about the business plan related to Estonia a couple of weeks later, when he arrives in Tallinn. "We want to provide clear answers to all the questions, but Mr. Fok will do it willingly in late May," said Napa.

Read the full article HERE.