INTER RAO Lietuva to become a stock company

On the 22nd day of October UAB INTER RAO Lietuva officially became AB INTER RAO Lietuva. The stock capital of the company, which was increased from 1 to 20 million, was registered with the Center of Registers, the constitution of the board was changed, and the supervisory board was formed. 

Notwithstanding the changes in the legal status, all obligations and agreements of INTER RAO Lietuva have remained unchanged.

“The change of legal form and such other decisions are consistent steps in the implementation of the development strategy of the company, improvement of management quality, and increase of transparency of activities. Significant increase of the capital by extra monetary contributions manifests the shareholders’ trust in the management of the company and the faith in the perspectives of business development. Thus the financial and intellectual base is created for INTER RAO Lietuva expansion in Lithuania as well as the neighboring states”, – indicated Giedrius Balčiūnas, General Manager of AB INTER RAO Lietuva.

A new INTER RAO Lietuva Board consists of five members. The office of the Chair of the Board is held by Karina Tsurkan, the Member of the Board of INTER RAO UES and the Manager of the Department of Commerce. The members of the Board are: Ilnar Mirsiyapov, the Member of the Board of INTER RAO UES and the Manager of the Department of Strategy and Investment, Dmitrij Palunin, the Director of Finance of INTER RAO UES, Giedrius Balčiūnas, the General Manager of INTER RAO Lietuva, and Vidas Čebatariūnas, the Sales Manager of INTER RAO Lietuva.

The Supervisory Board was formed by the decision of shareholders of INTER RAO Lietuva, consisting of seven members: Aleksander Abramkov, the Manager of the Internal Audit, Control and Risk Management Subdivision of INTER RAO UES, Anton Badenkov, the Member of the Board of INTER RAO UES and the Adviser of the Chair of the Board, Jonas Garbaravičius, the Chair of the Board of ScaentBaltic, Michail Konstantinov, the Member of the Board of INTER RAO EnergyAsset, Aleksander Pakhomov, the Member of the Board of INTER RAO UES and the Manager of the Department of Law. Two independent members of the Supervisory Board of INTER RAO Lietuva will be appointed in the short run.

Changes in the legal status of INTER RAO Lietuva have not affected the legal entity’s number, VAT payer’s number, head office address, and other details. All rights and duties of the company continue to be in full force and effect respectively. Any and all contracts, made between the customers and UAB INTER RAO Lietuva, as of 23 October 2012 are performed by AB INTER RAO Lietuva.

 

For further information, please, contact:

Jacek Jan Komar
PR Manager
INTER RAO Lietuva
Phone: +370 (5) 242 11 21
Mob.: +370 662 52 287
E-mail: j.komar@iterrao.lt
www.interrao.lt

Share on social networks

Newsletter

By providing your personal data you confirm that you have read and understand the terms and conditions of personal data processing as published on the Company’s website (AB „INTER RAO Lietuva“ Data Privacy Policy).

By submitting your personal data, you confirm your consent to the processing of your personal data by the Company in order to provide you with services and to respond to your questions as well as to solve any problems as may arise.

You also confirm that the data submitted by you are accurate and correct and acknowledge that the Company bears no liability for the processing of any excess data you may have provided.

Please wait...

Thank you!