Eesti Energia to consolidate electricity business under subsidiary Enefit

Group 1 - The core strategy of Eesti Energia AS involves consolidating all electricity-related business activities into a single subsidiary, Enefit OÜ, starting from 2026, to enhance competitiveness and management efficiency [1][2] - The reorganization includes the merger of subsidiaries Enefit Green AS and Enefit AS into Enefit OÜ, with plans to extend this structure to Latvia, Lithuania, and Poland, creating a unified brand across these markets [3] - Following the consolidation, Enefit will serve over 560,000 retail customers and integrate 1,200 MW of renewable generation capacity, along with various energy assets [4] Group 2 - In the industrial sector, Enefit Solutions will merge with Enefit Industry, while Enefit Power will become a subsidiary of Enefit Industry, streamlining operations in thermal power and liquid fuel production [5] - The reorganization will not impact Elektrilevi, the independent distribution network operator, nor will it affect customers of Eesti Energia's subsidiaries [5] - All subsidiaries will remain 100% owned by Eesti Energia AS, ensuring full control over the consolidated operations [6]