Lithuanian Prime Minister Algirdas Butkevičius says that he has received personal reassurance from Lyda Lubienė, the main shareholder of the fertilizer manufacturer Achema, that she is not going to sell her shares in the concern which has been eyed by Russian investors.
Achema, Lyda Lubienė
© DELFI montažas

According to the PM, during his meeting with Lubienė this week, the shareholder denied rumours about her meetings with Gazprom's representatives and negotiations on gas supply.

Butkevičius says that the Lithuanian government supports the current position of Lubienė, but continuous internal disputes among Achema's shareholders and board members "is not a normal way of governing".

Lubienė and her minor daughter own more than 50 percent of shares in Achema. The fertilizer producer is in the list of Lithuania's strategic enterprises, therefore all investors in the company must be screened for potential implications for Lithuania's national security interests.

Last week, Lithuanian media reported about a potential sale of the Achema Group to Russia's EuroChem Group AG.

In the opinion of some representatives of Achema Group, the unfounded reports about the sale of the concern and the company Achema AB is purposefully spread by some minority shareholders who want to sell their sales to anybody and by any means.

It is forbidden to copy the text of this publication without a written permission from ELTA.

Data watchdog launches probe into journalist Cerniauskas' actions

Lithuania's State Data Protection Inspectorate said on Wednesday it had launched an investigation...

Economist: recession might probably happen in 10 years

A financial crisis in Europe might happen in ten years at the earliest, the Swedish financial...

Executives of two dairies slapped with fines for market abuses

The board of the Bank of Lithuania has imposed a fine of 200,000 euros on Linas Strelis, a member of...

Telecoms operators watching situation regarding Huawei

Following Google 's announcement that it has severed relations with Huawei , seen by Washington as a...

Swedbank's pension funds invest EUR 200 mln into sustainable business

Pension funds managed by the Swedbank financial group are investing 200 million euros, or a sixth...