VKG interested in stake in Kohtla-Järve Soojus

Eesti Energia received one offer for the purchase of 59.2% stake in AS Kohtla-Järve Soojus from the minority shareholder OÜ Viru Keemia Group with whom the management of Eesti Energia has decided to initiate the negotiations on the potential sale.

On 28 September Eesti Energia announced a public sales process in order to sell its 59.2% stake in AS Kohtla-Järve Soojus. The preliminary offers were due on 19 October 2010.

Sales revenues of AS Kohtla-Järve Soojus for the 2009/10 financial year amounted to 7.5 million euros and net profit reached 0.2 million euros. Kohtla-Järve Soojus supplies the district heating networks of the Ahtme and Jõhvi cities. The company owns the networks and Ahtme combined heat and power plant.

Veiko Räim
Head of Investor Relations and Treasury
Eesti Energia AS
Tel: +372 715 2884
Mobile + 372 5668 1568