Bitumina Hi-tech Pavement Binders, LLC: Bitumina Industries sells entire equity stake in Nynas AB

Bitumina Industries Limited has sold its entire 49.9% equity stake in Sweden's naphthenic base oil producer Nynas AB. Nynas has signed a binding agreement with an investment vehicle managed by Davidson Kempner Capital Management LP for the stake sale. Following completion of the acquisition, Davidson Kempner will be the largest individual shareholder of Nynas. Bitumina [...]The post Bitumina Industries sells entire equity stake in Nynas AB appeared first on F&L Asia.