EIB considers investing in BaltCap Infrastructure Fund
The European Investment Bank (EIB) has announced it is considering investing in BaltCap Infrastructure Fund, which focuses on transport and energy projects in the Baltic countries (Estonia, Latvia and Lithuania).
The fund will invest equity primarily in small to medium-sized greenfield infrastructure assets through special purpose vehicles (SPVs) alongside a strong industrial partner.
EIB is proposing investing an approximate amount of €20 million (US$22 million) of the €80 million (US$88 million) total cost.
In August 2016, we reported EIB considered investing in the Deutsche Pan-European Infrastructure Fund II, managed by Deutsche AM Infrastructure. The fund focus on the energy and transportation sector, with EU and EFTA countries expected to be a key market.
Prevously in July 2016, we also reported that the EIB invested up to €62 million (US$68.7 million) in the SUSI Renewable Energy Fund II (SUSI RE II), a fund managed by SUSI Partners AG.
Country news
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August 26, 2016
EU invests €187.5 million in first gas pipeline between Estonia and Finland
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Fortum concludes the divestment of its shareholding in AS Eesti Gaas
Fortum recently said that it has concluded the divestment of its 51.4% shareholding in the Estonian natural gas import, sales and distribution company AS Eesti Gaas. Read more -
February 16, 2016
Lietuvos energija expands its operations by acquiring two wind parks
Lietuvos energija a, state-owned group, has acquired two companies which managed wind parks, UAB Eurakras in Lithuania and Tuulueenergia OU in Estonia. Read more -
January 07, 2016
Lords LB Asset Management launches Baltic energy and infrastructure fund
Lords LB Asset Management has established Lithuania‘s first fund that will specialise in investments in energy and infrastructure projects in Lithuania, Latvia and Estonia. The Baltic Energy and Infrastructure Fund (BEIF) is expected to accumulate €200 million in assets under management within three years. Read more -
October 07, 2014
Eesti Energia appoints new CEO
The Supervisory Council of Eesti Energia in a meeting held on 2 October 2014, approved that Mr Hando Sutter was appointed as the new Chief Executive Officer and Chairman of Management Board of Eesti Energia until 30 November 2017, effective as of 1 December 2014. Read more
