Nynas news

17/09/2020 11:22

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.

The conditions for a long-term sustainable agreement to end the reorganisation of Nynas are at hand. The ownership change announced recently is an important step, and to successfully complete the reorganisation discussions continue with Nynas main creditors.

In light of the change in ownership, Nynas and the Administrators expect to complete the reorganisation within the coming three-month period.

Further reading

Nynas reorganisation formally expected to be completed in January 2021

The district court's decision of 30 November to confirm the composition in Nynas AB's corporate reorganisation has been appealed by the Swedish Tax Agency on 21 December. Extraordinary reasons have since been applied based on approval of the administrators as of 22 December 2020 and Nynas has today paid in full to the Swedish Tax Agency and thus the Swedish Tax Agency no longer has any claim.

Read more about Nynas reorganisation formally expected to be completed in January 2021

Time to reformulate as Group I departs

The long-term trend of a reduced supply of Group I oils is accelerating. It is now time for formulators to consider Group I replacements for applications such as industrial lubricants, metalworking fluids and process oil. Nynas’ NYBASE® range is engineered for this very purpose.

Read more about Time to reformulate as Group I departs