Ignitis Group, a renewables-focused integrated utility, has has secured one of the largest foreign direct investments in Lithuania in the past few years. The Group has agreed with a Quaero European Infrastructure Fund III (QEIF III), a fund managed by Quaero Capital SA (Quaero Capital), to sell 49% stake in UAB Vilnius Cogeneration Power Plant (Vilnius CHP) managed by the Group.Under the terms of the agreement, the value of 100% of Vilnius CHP’s equity amounts to EUR 244 million. The value of 49% of Vilnius CHP’s shares acquired by Quaero Capital amounts to EUR 120 million.