Lesto AB (Vilnius (Nasdaq OMX Group): LES1L)


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Business Description
Lesto AB is a Lithuania-based company, which is engaged in the energy sector. The Company specializes in the distribution and transmission of electrical power throughout the entire territory of Lithuania. Its distribution grid reaches more than 1.577 million individual customers and over 59 thousand business clients that are serviced in numerous local LESTO customer service centres. The Company is also responsible for electricity meter installation and maintenance. As of September 30, 2012, Lesto AB was majority owned by UAB Visagino atomine elektrine, which holds a 82.63% stake in the Company.