Dynea sells shares in Dynea AS

Dynea Chemicals Oy has today signed a share purchase agreement for the sale of 100% of the shares of Norway-based Dynea AS to a newly founded legal entity representing Eltek Holding AS.

The sale of Dynea’s 100% shareholding in Dynea AS includes 100% of the shares in Dynea Hungary Kft, 50% of the shares in Nordalim A/S, and 34.5% of the shares in Krystal AS, as well as 33.3% of the shares in Borzod Chem-Krems Chemie Formalin Kft, owned by Dynea Hungary Kft.

The completion of the transaction is subject to the approval by the Norwegian competition authorities.

Dynea AS focuses on speciality wood adhesives for the European market.

Commenting on the signing of the sales agreement, Dynea CEO Hans Pettersson says: “The sale of Dynea AS is in line with Dynea’s strategy of concentrating its resources around its phenolic resin activities.”

Pareto Securities served as advisor to Dynea.

For more information please contact:

Hans Pettersson
President and CEO, Dynea Oy
Telephone +358 10 585 2064
Email: hans.pettersson@dynea.com