OREANDA-NEWS. September 21, 2015. JSC “Ventspils nafta” ("Ventspils Nafta" or "the Group") received  a notification from “Euromin Holdings (Cyprus) Limited” ("Euromin") regarding the acquisition of a material shareholding in “Ventspils nafta” and a notification from JSC "Latvijas Naftas Tranzits'" ("LNT") regarding the disposal of a material shareholding in “Ventspils nafta”. According to both parties the price of the Purchase was at 1.77 Euros per share.

According to Euromin notification, which is attached to this release, on September 17, 2015 Euromin acquired an additional 45 190 423 shares, equivalent to 43.25% of the total voting capital of the Group. Euromin now directly owns 97 412 682 shares, equivalent to 93.24% of the Group's total voting capital.  In its turn, according to LNT notification, which is also attached to this release,  on September 17, 2015 LNT disposed 45 190 423 shares, equivalent to 43.25% of the total voting capital of the Group and no longer owns any share of the Group.

About JSC “Ventspils nafta”

JSC “Ventspils nafta” is one of the largest groups of companies in Latvia and works in the petroleum product transport, transshipment, storage and shipping sector. JSC “Ventspils” nafta is the Group’s parent company, which manages investments in subsidiary companies, by promoting the Group’s joint values and growth in value of each individual company. 

JSC “Ventspils nafta” owns 51% in “Ventspils nafta terminals” Ltd, which is the largest crude oil and petroleum product terminal in the Baltics; 66% in “LatRosTrans” Ltd, which is the largest Latvian-Russian joint venture in the Baltics; 49.94% in JSC “Latvijas kugnieciba”, which is among the largest ship owners in the world in the medium-sized and handy tankers category. 

Shares of JSC “Ventspils nafta” (NASDAQ RIGA: VNF1R) are quoted in the Baltic Main List of the stock exchange NASDAQ Riga since October 20, 1998.