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.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Baltic States seek a single regional assessment

Ministers of finance of Lithuania, Latvia and Estonia, the European Commission and NASDAQ appealed...

LMT presents three digital service innovations at Baltic Mobile Congress

LMT (Latvian Mobile Telephone) is the telecommunications market leader in Latvia and a digital service...

CERN is considering the possibility of establishing business incubation centre

Last week, CERN delegation paid a visit to Kaunas University of Technology (KTU) Santaka Valley. The...

Israeli cloud services integrator chooses Vilnius for European base

TeraSky, a leading Israeli cloud solutions integrator, has just announced the opening of its European...

The popular French fashion brand „Gémo“ enters the Baltic States: first store in Lithuania – in 2019

The popular French fashion brand „Gémo“ entered the Baltic States - the first regional store was...