OREANDA-NEWS. JSC “Ventspils nafta” hereby informs that today, on October 19, 2015, commences the mandatory bid expressed by Euromin Holdings (Cyprus) Limited on the basis of resolution No 172 by Financial and Capital Market Commission of October 15, 2015.

Information about the mandatory bid:

1) The respective company is JSC “Ventspils nafta”, registration number:50003003091, legal address: Elizabetes 1, Riga, LV-1010, phone: +371 67715910; fax: +371 67715920, e-mail: riga@vnafta.lv, web: www.vnafta.lv.

2) Offeror: Euromin Holdings (Cyprus) Limited, registration number: HE 69529, registration date: March 13, 1995, legal address: 58 Arch Makarios III Avenue, Iris Tower, Office 602, Nicosia, Cyprus.

As of the day of prospectus the offeror owns 98 370 065 (94.15%) of JSC “Ventspils nafta” shares.

3) The price of one share in prospectus is set at: EUR 4,56

4) The period of mandatory bid is 30 days commencing on October 19, 2015 (until November 17, 2015, inclusive).

Please find prospectus of mandatory bid for JSC “Ventspils nafta” in Latvian attached.

About JSC “Ventspils nafta” 

JSC “Ventspils nafta” is one of the largest groups of companies in Latvia and works in the petroleum product transport, transhipment, 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.