Kategoriearchive: Latvijas Naftas Tranzits LNT

Vitol’s questionable methods manipulated the outcome of the Ventspils Nafta („VN“) Shareholders‘ Meeting.

RIGA, LATVIA: Latvijas Naftas Tranzits („LNT“), the second largest (at least 39%) VN shareholder, is dissatisfied with the way the Management appointed by Vitol manipulated the Shareholders’ Meeting. Yesterday, July 27, 2011 the VN Shareholders‘ Meeting re-elected the entire Supervisory Board without any prior announcement.