OREANDA-NEWS. On April 17, 2015, JSC “Latvian Shipping Company” received notification from Giovanni Fagioli regarding the acquisition of significant indirect shareholding.

On April 17, 2015, Giovanni Fagioli has reached 15.43% of the total voting capital and indirectly owned 30 865 362 shares of JSC “Latvian Shipping Company” (notifications attached). All the shares are owned by O? “Fondo H Estonia” which is 100% owned by Italian based investment company FH S.p.A. in its turn owned by G.Fagioli.

About JSC “Latvian Shipping Company”

JSC “Latvian Shipping Company” (NASDAQ OMX RIGA: LSC1R) is among the biggest vessel owners in the segment of medium and handy size tankers and takes leading positions in terms of the transported amount of petroleum products among similar companies in Northern Europe. The company owns 16 modern vessels employing more than 500 professional and high-skilled seamen from Latvia. The average age of the LK fleet is 7 years. All of the vessels have received ISM (International Safety Management) certificates.