Nynas reports that it is coming out of reorganization as a stronger company, with five‐year secured financing and a strong balance sheet.
The District Court of Södertörn in Sweden has decided that the Nynas company reorganization is complete, following a creditors meeting where the previously submitted composition proposal was accepted. The court’s decision will be effective on December 21; at that time, Nynas will no longer be limited by the reorganization regulations.
“I am happy to announce this very important step for Nynas and that we are now exiting the reorganisation that has been ongoing since December last year,” said Bo Askvik, Nynas president and CEO. “Together with our loyal customers and suppliers, we will vigorously move forward and continue to develop our business in all our global markets. We are ready to take back lost market share and more.