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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.
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
Tommie Ibert, Development Engineer, tests the new advanced video extensometer that has been installed at the Nynas Rubber Compounding Lab in Nynäshamn.Read more about Significant addition to Nynas rubber lab
Nynas AB has today applied at Södertörn's District Court for an extension of the company reorganisation for an additional three months. The Administrators fully support and endorse an extension of the reorganisation. A decision from the District Court is expected to be announced on September 17.Read more about Nynas applies for reorganisation extension - good progress, time to conclude needed