Nynas news

16-09-2020 09:04

Ownership change in Nynas

Neste announced today that it has sold its entire shareholding in Nynas to Bitumina, a global bitumen company active in more than 100 countries. This is an important step in the ongoing company reorganisation of Nynas.

As a result of the ownership changes, Bitumina Industries Ltd is now the largest shareholder in Nynas AB, holding 50 percent of the shares. Nynässtiftelsen owns 35 percent and PdVSA 15 percent of the shares in Nynas AB (rounded numbers).

The ownership change announced today is an important step in the ongoing company reorganisation of Nynas. To successfully complete the reorganisation, discussions continue with Nynas main creditors.

Nynas has applied for an extension of the company reorganisation and a court decision is expected on September 17. Nynas and the Administrators expect to complete the reorganisation within the coming three-month period.

Updates on the Nynas AB company reorganisation are posted on www.nynas.com/en/media/nynas-reorganisation.

Further reading

A rising star at Nynas

Rena Soh has been nominated for the ICIS Rising Star - Asia Pacific Award, which celebrates the best up and coming talent in the base oils and lubricants industry.

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The brains of Nynas - Carolina Hurtado

Carolina manages PQ&TS, which is dedicated to monitoring and maintaining Nynas’ product quality throughout the production and handling chain to customers. Find out what's on her mind.

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Approved extension of Nynas reorganisation

Södertörn's District Court today approved an extension of Nynas AB’s company reorganisation for another three months, until December 15, 2020.

Read more about Approved extension of Nynas reorganisation