Category: Industry News

Nynas exits US sanctions; PDVSA stake reduced

Swedish chemical firm Nynas says it is no longer being blocked pursuant to the Venezuela Sanctions Regulations of the US Treasury Department’s Office of Foreign Asset Control (OFAC). As a result of a corporate restructuring of the ownership of Nynas…

Bridgestone acquiring German tyre distributor Reiff Reifen

The Bridgestone Corporation (Bridgestone) is acquiring German tyre retail, wholesale and retreading company Reiff Reifen & Autotechnik GMBH (Reiff) in a deal for UK-based Fintyre Group. FinTyre acquired Reiff in August 2017, however, according to insolvency administrators Jaffé Lawyers, the…