Swedish refiner Nynas proposes restructuring to escape U.S. sanctions [Reuters (UK)]
NESTE OYJ UNSP/ADR (NTOIY)
NASDAQ:AMEX Investor Relations:
neste.com/en/corporate-info/investors-0
Company Research
Source: Reuters
Swedish refiner Nynas proposes restructuring to escape U.S. sanctions - Reuters 2 Min Read STOCKHOLM, Jan 21 (Reuters) - Swedish oil refiner Nynas, which is owned by Venezuela’s state-run PDVSA and Finland’s Neste Oil, said on Tuesday it planned to reorganise its business in an attempt to disentangle itself from U.S. sanctions imposed on Venezuela. Nynas said the proposed changes to its ownership structure, backed by both PDVSA and Neste Oil, were filed with the United States’ Office of Foreign Assets Control (OFAC) on January 17. The refiner, which was placed in the hands of a court-appointed administrator late last year, added that it would only proceed with the changes if and when OFAC confirmed that the move would mean Nynas no longer being subject to its sanctions. “The sanctions against PDVSA and Venezuela have had a considerable negative impact on Nynas’ operations. It is therefore necessary to immediately make changes to the ownership structure,” the company said in a 17-page
Show less
Read more
Impact Snapshot
Event Time:
NTOIY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NTOIY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NTOIY alerts
High impacting NESTE OYJ UNSP/ADR news events
Weekly update
A roundup of the hottest topics