“Lietuvos Energija could become a match of Teo LT, an attractive, liquid stock, one of market heavyweights. It’s an infrastructure company with a guaranteed profit margin ensured by politicians and regulators; its operating performance doesn’t depend on such factors as fuel or electricity price hence it would be an attractive dividend payer. However, the company’s free float narrowed to 3.87 percent due to the reforms, which is insufficient for attracting institutional investors,” he told the Verslo Žinios business daily on Monday.
He believes that the company could issue new shares and reduce the state-owned holding to 67 percent. In Dubnikovas’ view, Lietuvos Energija could also raise funds on the market by issuing bonds, which would be an extra source of money for the company.
