OREANDA-NEWS. October 12, 2015. Latvian Shipping Company has sold its indirect interest in AS Latvijas Naftas tranzits (LNT) to AS Ventbunkers.

LSC via its subsidiary  SIASkonto nafta owned 16% stake in LNT.

The deal value is 15.40 million EUR, which also includes the repayment of loan in the amount of 2.10 million EUR, previously issued to SIA Skonto nafta by LNT.

Before this deal LSC subsidiary SIA Nafta Invest acquired remaining 14% shares of SIA Skonto nafta owned by Vladimirs Solomatins and therefore before the deal with AS Ventbunkers owned 100% of SIA Skonto nafta.

The received funds will be used to repay LSC Groups loans received from AS Ventspils nafta.