OREANDA-NEWS. September 25, 2015. JSC “Ventspils nafta” ("Ventspils Nafta" or "the Group") received a notification from “Vitol R&M” SA regarding the acquisition of a material indirect shareholding in “Ventspils nafta”.

According to “Vitol R&M” SA notification, attached hereto, on September 17, 2015 “Vitol R&M” SA indirectly acquired an additional 45 190 423 shares, equivalent to 43.25% of the total voting capital of the Group. “Vitol R&M” SA now indirectly owns 97 412 682 shares, equivalent to 93.24% of the Group's total voting capital.  Shares were directly acquired by “Euromin Holdings (Cyprus) Limited”, a 100% subsidiary of “Vitol R&M” SA.

 Vitol RM SA notification about material indirect shareholding

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 a 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.