"The process is ongoing. Possibly, they will manage to finalize the transaction by the end of the month," Antanas Pranculis told BNS.
It was announced back in August 2012 that the deal had virtually been finalized, but the closing date has been repeatedly pushed back. BNS has information that in January, there were at least two dates when the sale was expected to be completed.
Last spring, Gazprom decided to sell KTE following several years of disagreement with Kaunas authorities over the Russian company's failure to meet its investment commitments and due to disapproval by both the central and local authorities of its project to build a new power plant worth around a billion litas (EUR 290m).
