15min be reklamos
2013 04 10

Chinese company acquires Lithuania’s Power Network Institute

China’s energy engineering and construction company North China Power Engineering Co. Ltd. is buying Energetikos Tinklų Institutas (Power Network Institute, or ETI), one of Lithuania’s biggest electric power facility design companies, the news portal vz.lt reports.
Kinijos vėliava
China / AFP/„Scanpix“ nuotr.

“An agreement on the acquisition of the majority holding in Energetikos Tinklų Institutas has been signed, the buyer is a Chinese state-owned company,” ETI CEO Giedrius Lynikas told the news portal. The deal was expected to be finalized by June, he added.

The company currently employs around 40 engineers.

“A change in shareholders will open up wider possibilities for Energetikos Tinklų Institutas both in Lithuania and abroad. We are also likely to get orders in China,” Lynikas said.

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