Neste recently announced that it has sold its entire shareholding in Nynas to Bitumina, a global bitumen company active in more than 100 countries. As a result of the ownership changes, Bitumina Industries Ltd. is now the largest shareholder in Nynas AB, holding 50% of the shares. Nynässtiftelsen owns 35% and PdVSA 15% of the shares (rounded numbers).

The ownership change is an important step in Nynas’ ongoing company reorganization. To successfully complete the reorganization, discussions continue with the company’s main creditors.

Södertörn's District Court recently approved an extension of Nynas’ company reorganization for another three months, until December 15, 2020. In light of the change in ownership, Nynas and the administrators expect to complete the reorganization within the next three months.

Updates on the Nynas company reorganization are available at www.nynas.com/en/media/nynas-reorganisation.