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Dynea divests assets in Scandinavia, Central Europe

7:49 AM MDT | July 12, 2013

Dynea Chemicals (Helsinki) has agreed to sell 100% of its shares in Dynea AS (Lillestrøm, Norway) to a newly founded legal entity representing Eltek Holding (Oslo). Dynea AS focuses on specialty wood adhesives for the European market. The sale includes 100% of the shares in Dynea Hungary, 50% of Nordalim AS (Århus, Denmark), and 34.5% of Krystal AS (Drammen, Norway), as well as 33.3% of the shares in BorsodChem-Krems Chemie Formalin (Kazincbarcika, Hungary), owned by Dynea Hungary. “The sale of Dynea AS is in line with Dynea’s strategy of...

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