Analysts remind Lithuania’s government of promises to sell more companies on stock exchange

The debut of state-owned companies on the stock exchange would generate extra revenue for the budget and the companies would find the shareholders that would be interested in greater efficiency of their activities and more ambitious goals and would provide easier access to additional capital in future, Žygintas Mačėnas, CEO of SEB Enskilda Lietuva, told the daily.

“On top of that, it would provide impetus for Lithuania’s capital market where the liquidity and investor activity, to put it mildly, have waned out completely,” Mačėnas said.

Back in 2010, Prime Minister Andrius Kubilius told the Financial Times that the first IPOs of state-controlled companies could be held as early as in 2011 since the state had to implement many capital-intensive investment projects, such as the construction of a nuclear power plant.