A. Sysas expressed skepticism about the feasibility of returning shares of "Ignitis group" to the state in the near future, questioning the benefits for consumers.
A. Sysas, speaking on a podcast, voiced doubts regarding the potential return of "Ignitis group's" shares to state ownership, suggesting that such a move would not happen in the immediate future. He questioned the benefits of this proposal, asking if consumers using "Ignitis" services would see lower costs as a result. His remarks indicate a belief that immediate advantages for the public would be minimal, if any.
Sysas further elaborated that he does not see substantial benefits from repurchasing the shares at a significantly higher price, arguing that doing so is unlikely to influence the final service costs for consumers. He emphasized that even if the shares were fully owned by the state, it is improbable that service prices would decrease. This point reflects growing concerns about the effectiveness of privatization and the potential implications of returning state ownership to a previously privatized entity.
The backdrop of this discussion includes ongoing debates among coalition partners about the state's role in managing "Ignitis group" shares. Notably, 74.99% of the company is already owned by the state through the Ministry of Finance. Despite this, earlier discussions about reclaiming shares from private investors have been reignited, indicating a persistent interest in how best to manage and regulate this significant utility provider in Lithuania's energy market.
