OREANDA-NEWS. September 29, 2015. JSC “Ventspils nafta” ("Ventspils Nafta" or "the Group") received a notification from JSC “Ventbunkers” regarding the disposal of a material indirect shareholding in “Ventspils nafta”.

According to JSC “Ventbunkers” notification, attached hereto, on September 17, 2015 JSC “Ventbunkers” indirectly disposed 45 190 423 shares, equivalent to 43.25% of the total voting capital of the Group. JSC “Ventbunkers” now indirectly owns 0 shares of the Group's total voting capital.  Shares were directly disposed by JSC “Latvijas Naftas Tranz?ts”, a subsidiary of JSC “Ventbunkers”.

 JSC Ventbunkers notification about disposal of a 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.