Ventspils nafta

About the shares of JSC “Latvijas kuģniecība”


About the shares of JSC “Latvijas kuģniecība”

june 14, 2017 / Latvian Shipping Company

On 14 June, 2017 JSC “Latvijas kuģniecība” (LSC) received a notification from the Vitol Holding B.V. (Vitol Group), that its wholly owned subsidiary, Vitol Netherlands B.V. (Vitol Netherlands), had acquired a material shareholding in LSC. 

According to the notification, Vitol Netherlands has acquired 39,249,118 shares, equivalent to 19.62% of the total voting capital of LSC, for an undisclosed sum with settlement date 15 June, 2017.

Due to the Vitol Group’s existing shareholding of 99,880,361 in LSC, held through its wholly owned indirect subsidiary JSC Ventspils Nafta, the Vitol Group’s total shareholding is equivalent to 69.56% of the voting capital of LSC.