AS “Ventspils nafta” (VN) informs that VN and its shareholder “Euromin Holdings (Cyprus) Limited” (Euromin) have prepared and submitted a merger notification to the Competition Council of the Republic of Latvia. The submission of the merger notification is related to the possibility of election of the majority members of VN supervisory institution, which under the Competition Law is an indication for acquisition of decisive influence. VN Supervisory Council elections were held at the General Meeting of Shareholders on 7 July 2010 and the candidates nominated by Euromin were elected and they form majority at the VN Supervisory Council.

Ventspils nafta

Zane Bojāre
JSC „Ventspils nafta” PR Manager
E-mail: zane.bojare@vnafta.lv
Phone.: 67821691; 29706733