May 12, 2010 / 12:56 AM / 9 years ago

Estonia appoints advisers for Eesti Energia IPO- FT

LONDON, May 12 (Reuters) - Estonia’s government has lined up advisers ahead of a possible London listing of state-owned energy company Eesti Energia [EESTEN.UL], the Financial Times reported in its Wednesday edition.

The government of the small Baltic state has been weighing up financing options for its national energy company, which could include a part listing of Eesti Energia shares or a further injection of fresh capital from the state.

Citing people familiar with the discussions the paper said the government had appointed Deutsche Bank and SEB Enskilda to prepare a possible initial public offering, while Lexicon Partners would act as financial adviser.

Communications and Economy minister Juhan Parts told Reuters in February that a decision on whether to list a maximum of 33 percent of Eesti Energia shares would be made in May. [nLDE61224R]

The paper said the government was mulling whether to offer a quarter of the shares for public offering for between 400 million and 500 million euros.

No one at Eesti Energia could immediately be reached for comment.

Reporting by Caroline Copley; Editing by Richard Chang

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