Rytų skirstomieji tinklai

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The joint stock company AB Rytų skirstomieji tinklai ( RST for short , in German Distribution Networks of the East ) was a Lithuanian energy supply company that was part of the national energy supplier Leo LT from May 2008 . In addition to Vakarų skirstomieji tinklai, it was responsible for the country's electricity supply. RST supplied almost 750,000 customers in eastern and southern Lithuania on a territory of almost 35,000 km² . The company, including its subsidiaries, employed 3,075 people. As of April 30, 2009, Arvydas Tarasevičius was General Manager of the company . He took over from Rimantas Vaitkus , who had only been appointed General Director of RST in October 2008 as the successor to Gintautas Mažeika, but has meanwhile (again succeeding Gintautas Mažeika) as CEO of Leo LT.

history

RST was formed on December 31, 2001 as a joint stock company from the electricity grids of Vilnius , Utena , Alytus and Panevėžys of the state energy supplier Lietuvos energija . At the end of 2002, the German energy supplier E.ON Ruhrgas held just under 11% of the shares, 3% were in free float. In the course of 2003 E.ON Ruhrgas increased its stake to 20.3% as part of a share swap (for shares in Lietuvos energija and Lietuvos elektrinė), further blocks of shares were sold to private Lithuanian investors , leaving 72% with the state. While Vakarų skirstomieji tinklai was completely privatized at the end of 2003, the sale of RST failed. After E.ON Ruhrgas had not submitted a specific offer, only the Estonian state energy supplier Eesti Energia remained as a bidder. Although Eesti Energia had offered a price comparable to that for VST, the sale was canceled, allegedly because Eesti Energia was highly indebted and the future ownership situation was unpredictable. The company remained in state ownership. On May 27, 2008, RST was integrated into the national energy supplier Leo LT.

business development

Since 2003 the turnover has increased from almost 700 million LTL to 1.07 billion LTL (2007; 310 million euros), the profit in 2007 amounted to 74 million LTL, after losses of the same amount were recorded in 2004 and profits in 2005/2006 fluctuated around LTL 20 million.

structure

The parent company is AB Rytų skirstomieji tinklai, 100% subsidiaries are:

  • UAB Elektros tinklo paslaugos (maintenance and construction of power lines)
  • UAB Rytra (vehicle rental)
  • UAB Tetas (maintenance and construction of transformer stations)

Web links

Homepage of Rytų skirstomieji tinklai (Lithuanian, English)

Individual evidence

  1. ↑ new general director at RST, message on delfi.lt, April 30, 2009 (lit.)
  2. ↑ Change of leadership at Leo LT, message on delfi.lt, October 24, 2008 (lit.)
  3. ↑ Appointment of Rimantas Vaitkus as the new CEO of Leo.LT, message on delfi.lt, April 9, 2009 (lit.)
  4. ^ End of the privatization process of RST, message from Kauno diena, December 18, 2003 (lit.)