Image for illustration purposes

Ownership change in Nynas

Sweden: 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 is now the largest shareholder in Nynas AB, holding 50 % of the shares. Nynässtiftelsen owns 35 % and PdVSA 15 %of the shares in Nynas AB (rounded numbers).

The ownership change 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 17 September. Nynas and the Administrators expect to complete the reorganisation within the coming three-month period.

Source: Nynas