Estonia: Government plans to split Eesti Energia into three companies

The Estonian government plans to split the state-owned energy group, Eesti Energia, into three separate companies, Finance Minister Mart Võrklaev announced, ERR reports. He said that the plan was to list shares of network operator Elektrilevi and renewable energy producer Enefit Green on the stock exchange. However, Võrklaev said that he was no longer in favour of establishing a separate firm for oil shale production as stated in the coalition agreement. Eesti Energia’s supervisory board chairperson, Anne Mere, insisted that the group should remain large, given that all of Estonia’s neighbours had big and strong state-owned energy enterprises.