Сhanges in the legal form of investor’s ownership in NewFuels RSEZ and Energy Resources CHP RSEZ

In April 2017, as part of the improvement of the organizational structure of the ownership of NewFuels RSEZ SIA and Energy Resources CHP RSEZ SIA, changes were made in the legal form of investor’s ownership in both companies.

The legal owner of the companies became Ecoenergy Subfund, which is the sub-fund of the Evergreen Fund – alternative investments fund, registered by the Commission of the Latvian Finance and Capital Market.

Ecoenergy Subfund is managed by the registered management company SIA LV Asset Management AIFP, which is also registered with the Finance and Capital Market Commission of Latvia.

The founder of SIA LV Asset Management AIFP is Andreas Tserni, the chairman of the Board is Roman Vdovychenko, thus, the chosen strategy for the development of NewFuels RSEZ SIA and Energy Resources CHP RSEZ SIA remains unchanged and will continue at the planned direction. The changed ownership structure will provide an opportunity to consolidate the investments made in Latvia within the same structure, as well ensures more efficient investment management.

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