Nynas AB files for reorganisation

Nynas AB, where Neste is a minority-owner with a 49.99% ownership, has filed for company reorganisation on 13 December 2019.

With this action Nynas’ Board of Directors is aiming to find a long-term solution to secure the operations of Nynas. The company’s operations have been severely impacted this year by the sanctions imposed on the majority-owner, Venezuela’s state-run PdVSA.

Source / More : Neste Corporation

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