EPSO-G increased its stake in TSO Holding, operator of Nord Pool power exchange

EPSO-G, group of energy transmission and exchange companies has finished the acquisition of around one third of the shares in TSO Holding and increased its shareholding of TSO Holding to 39.6%. TSO Holding together with other shareholder indirectly operates the Nord Pool power exchange. This allows EPSO-G to continue the implementation of its Strategy 2030 by expanding the activities of the Group and the range of unregulated activities to strengthen Lithuania’s energy independence, the company said in a press release.

On Wednesday, EPSO-G, UAB acquired 6,066 shares of TSO Holding from a subsidiary company Litgrid for EUR 13.8 million. At the beginning of the current year, EPSO-G instructed Litgrid to acquire two shareholdings of TSO Holding, 18.8% each (37.6% in total) from Finnish and Danish energy transmission system operators Fingrid and Energinet, and, subsequently, to sell to EPSO-G the newly acquired shares and the 2% stake in TSO Holding it already held.