Latvia Could Buy Stake in Gas Utility from E.ON

Latvia mulls an investment in gas utility Latvijas Gaze, with several media reporting the Baltic country could buy E.ON’s 47.2% stake. 

"We are considering all options, including the option for the state to buy E.ON shares... We would not want to see the shares to fall into Gazprom or some other, not so well known, buyer's hands," Economy Minister Vjaceslavs Dombrovskis told TV3 television channel, as reported by Reuters.

According to the reports, the government could take a decision in early May. 

E.ON is also considering selling its 38.9% stake in Lithuania’s national gas transportation company Amber Grid and its 33.66% in Estonia’s Eesti Gaas, with a significant divestment in the Baltic area despite new gas projects.