IHS Chemical Week

Dynea divests Norwegian and Hungarian operations

11:24 AM MDT | June 27, 2013

Dynea Chemicals (Helsinki) has signed an agreement to sell 100% of its shares in Norway-based Dynea AS to a newly founded legal entity representing Eltek Holding (Oslo). Dynea AS focuses on speciality wood adhesives for the European market. The sale includes 100% of the shares in Dynea Hungary; 50% of Nordalim AS; and 34.5% of Krystal AS, as well as 33.3% of the shares in BorsodChem-Krems Chemie Formalin, owned by Dynea Hungary. Completion of the transaction is subject to approval by the Norwegian competition authorities. “The sale of Dynea AS is in line with...

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