Uniper Ruhrgas International GmbH, an indirectly wholly-owned subsidiary of Uniper SE, has announced its plan to sell its 18.26% equity stake in AS Latvijas Gaze. This decision follows the European Commission's state aid approval issued on December 20, 2022, which stipulates conditions for Uniper's restructuring efforts. The sale will be conducted through an open, fair, and transparent bidding process, ensuring equal opportunities for all interested parties and compliance with regulatory standards.

AS Latvijas Gaze has been a cornerstone of the Baltic energy sector for over three decades, solidifying its reputation as a key player in the region's natural gas market. In 2023, the company completed the sale of its natural gas distribution business, narrowing its focus to natural gas trading and sales. Its primary market remains the Baltic region, with a significant emphasis on Latvia. Despite recent changes in its business operations, AS Latvijas Gaze continues to demonstrate strong financial performance, reporting revenues of €159.8 million in 2023. This highlights its importance in the regional energy landscape and its resilience amidst evolving market dynamics.

The ownership structure of AS Latvijas Gaze reflects a diverse group of stakeholders. The largest shareholder is AS Rietumu Banka, which holds a 28.97% stake, followed by Energy Investments LLC with 27.85%. Uniper Ruhrgas International GmbH currently owns 18.26% but plans to divest its share through this bidding process. Other shareholders include SIA Itera Latvija with 16.00% and UAB Haupas with 6.15%. This diverse ownership underscores the strategic importance and attractiveness of the company in the energy sector.

The planned sale is a significant step for Uniper as it fulfills its commitments under the European Commission's state aid approval and continues to refine its portfolio. For potential investors, this presents an opportunity to acquire a substantial stake in an established company with a strong market position in the Baltic region's energy sector. AS Latvijas Gaze’s streamlined focus on trading and sales positions it well for future growth and adaptability in a rapidly changing energy landscape.

Uniper’s decision reflects its commitment to aligning with regulatory requirements while facilitating the continued development and sustainability of AS Latvijas Gaze. The transparent bidding process ensures that the sale will attract interest from parties aiming to capitalize on the company’s solid market presence and financial performance, further solidifying its role as a leader in the Baltic energy market.

Based in Düsseldorf, Uniper is a European energy company with a global presence, operating in over 40 countries. With a workforce of approximately 7,400 employees, the company plays a vital role in ensuring energy security across Europe, particularly in its key markets of Germany, the UK, Sweden, and the Netherlands.