Neste’s Sale of Its Shares in Nynas to Bitumina Industries

Vinge advised Neste Corporation.

Neste AB has sold its 49.99% shares in Nynas AB to Bitumina Industries Ltd.

Nynas is a Swedish manufacturer and marketer of naphthenic specialty oils and bitumen products. Nynas has four refineries: Harburg in Germany, Nynäshamn and Gothenburg in Sweden and Eastham in the UK. Eastham is a joint venture with Shell.

Neste creates sustainable solutions for transport, business, and consumer needs. The wide range of renewable products enable customers to reduce climate emissions. They are the world’s largest producer of renewable diesel refined from waste and residues, introducing renewable solutions also to the aviation and plastics industries.

Bitumina Group is a global bitumen company active in more than 100 countries. It supplies bituminous binders and asphalts, such as penetration graded bitumen/ asphalt, viscosity graded bitumen, polymer modified bitumen (PMB)/ polymer modified asphalt (PMA), bitumen emulsions/ asphalt emulsions and bitumen cutbacks to its clients globally. BITUMINA is engaged in the manufacturing, processing, packing, modifying, upgrading, engineering and exporting of bitumen on a global scale. The Group provides complete Bitumen (Asphalt) Solutions & Technologies to refineries, construction companies, governments, road authorities and the bitumen industry in general. The Group prides itself as a complete vertically integrated bitumen company.

Vinge’s team consisted of Daniel Rosvall (Picture) and Albert Wållgren together with Christina Odengran and Linn Adelwald.

Involved fees earner: Linn Adelwald – Vinge; Christina Odengran – Vinge; Daniel Rosvall – Vinge; Albert Wållgren – Vinge;

Law Firms: Vinge;

Clients: Neste Oil;