Fondo H Estonia – FH S.p.A. Subsidiary – announces that it has sold  to stock market its shares of Latvian Shipping Company (LSC).

The operation is aimed at releasing resources to invest in other investments, reducing potential losses in the investment itself.

Latvian Shipping Company (LSC) is a joint stock company listed on the NASDAQ OMX Riga and is primarily engaged in the trasportation of oil products, chemicals and crude oil utilizing its handy size and medium range tanker fleet. The LSC fleet trades worldwide ranging from the Baltic Sea and Northern Europe to the Black Sea, Mediterranean Sea, Atlantic Ocean, the Caribbean region as well as the far and Middle East. Additionally the tankers within the LSC fleet are specifically designed for trading in ice conditions giving its customers even greater trading flexibility during harsh winter periods.

Fondo H Estonia is an investment holding company founded to develop the FH Group investments in the Baltic Area.