Business share sale

Ignitis Sells Vilnius CHP Stake

Analysis based on 9 articles · First reported Feb 25, 2026 · Last updated Mar 30, 2026

Sentiment

Attention

Articles

Market Impact

Direct

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Market Impact

The market impact is neutral for Ignitis as the transaction does not affect its Adjusted EBITDA and Investments guidance for 2026. It signifies a strategic divestment for Ignitis and an investment for Quaero Capital.

Utilities Financial services

Event Summary

Ignitis has completed the sale of a 49% stake in its subsidiary, Ignitis Group===Vilnius Combined Heat and Power Plant, to Quaero European Infrastructure Fund III, a fund managed by Quaero Capital. The transaction was finalized on March 30, 2026, following approval from Ignitis's General Meeting of Shareholders on March 25, 2026, and regulatory approvals from Lithuanian and Latvian authorities. This divestment is not expected to impact Ignitis's Adjusted EBITDA and Investments guidance for 2026.

Entities Involved

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Ignitis

Ignitis completed the sale of a 49% stake in Ignitis Group===Vilnius Combined Heat and Power Plant to Quaero European Infrastructure Fund III. This transaction does not affect the Group's Adjusted EBITDA and Investments guidance for 2026.

Importance 90 Sentiment 10

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Quaero Capital

Quaero Capital, through its fund Quaero European Infrastructure Fund III, acquired a 49% stake in Ignitis Group===Vilnius Combined Heat and Power Plant.

Importance 90 Sentiment 10

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Ignitis Group===Vilnius Combined Heat and Power Plant

Ignitis Group===Vilnius Combined Heat and Power Plant had a 49% stake sold by Ignitis to Quaero European Infrastructure Fund III.

Importance 80 Sentiment 10

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Lithuania

Lithuanian authorities provided regulatory approvals for the transaction.

Importance 10 Sentiment 0

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Latvia

Latvian authorities provided regulatory approvals for the transaction.