By TT News| Sep 18, 2020

Extension for Nynas reorganisation approved

Nynas AB received an extension for another three months for its reorganisation.

Södertörn's District Court approved the extension of the company’s company reorganisation for another three months, until December 15, 2020.

Nynas said the conditions for a long-term sustainable agreement to end the reorganisation of Nynas are at hand. The ownership change announced recently is an important step, and to successfully complete the reorganisation discussions continue with Nynas main creditors.

In light of the change in ownership, Nynas and the Administrators expect to complete the reorganisation within the coming three-month period.

Share This Article

Article Tags

Please login to add a comment

Article Reviews

Subscribe to our Magazines

Get the latest news in the Automotive & Tyre industry.