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Energijos Skirstymo Operatorius AB was established January 1 2016 merging LESTO AB and a joint-stock company Lietuvos dujos. ESO is controlled by state-owned group of energy companies “Lietuvos Energija”, one of the largest energy companies in the Baltic States.
A Vilnius court has suspended the process of delisting of Energijos Skirstymo Operatorius (ESO), a subsidiary of Lithuania's state-owned energy group Ignitis Group, from the Nasdaq Vilnius Stock Exchange after the company's minority shareholders filed a lawsuit.
On Monday, Energijos Skirstymo Operatorius, which is responsible for providing electricity and natural gas in Lithuania, opened for trade on the Nasdaq Vilnius stock exchange. To mark the occasion, the company's name and logo were displayed on an enormous display in New York City's iconic Times Squa...
Electricity supply and natural gas distribution company Energijos Skirstymo Operatorius (ESO), the new company that was formed by merging the state-owned companies Lesto and Lietuvos dujos, started trading its shares on the stock exchange of Nasdaq Vilnius on Monday.
Lithuanian electricity grid operator LESTO is merging with the gas company Lietuvos Dujos. The purpose of the merger is to optimise the operations, and reduce costs so that consumers can pay less for gas and electricity, according to Energy Minister Rokas Masiulis.
