AB Ignitis grupė agreed to invest up to EUR 115 million in the development of an EV charging network in the Baltic states

AB “Ignitis grupė” (hereinafter – Ignitis Group or the Group) informs that on 12 July 2023 the Management Board of the Group agreed to the decision of its subsidiary UAB “Ignitis” (hereinafter – Ignitis) for Ignitis and its subsidiaries in Latvia and Estonia to invest up to EUR 115 million over 3–5 years to develop the electric vehicle (hereinafter – EV) charging network in the Baltics. The main objective of the investment is acquiring EV charging stations in order to develop the charging networ

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