OREANDA-NEWS. May 31, 2010. JSC Ventspils nafta (VN) management has received information that Euromin Holdings (Cyprus) Limited, a fully owned subsidiary of the Vitol group of companies, following a recent share transaction, now owns around 49,5% of the shares in VN, an increase of more than 1,5% versus its previous shareholding of 47.89%.
 
Mark Ware, Director of Corporate Affairs for the Vitol Group, commenting on the recent increase in shareholding, said “we have always said that Vitol is in Latvia for the long term and our focus has been, and will continue to be, on the successful performance of the various companies within the VN portfolio. This acquisition allows us to achieve an even greater focus on the business performance, for the benefit of all the shareholders of VN“.