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Green Marine

about 19 years ago

Statoil to purchase Baltic biodiesel interest

Statoil has signed a letter of intent with SEB Venture Capital for the purchase of a 42.5% interest in UAB Mestilla. Mestilla is building the biggest biodiesel factory in the Baltic states. Owners of Lithuanian agricultural company Linas Agro will be the other shareholder, with a 57.5% stake.

1 minutes read

Statoil has signed a letter of intent with SEB Venture Capital for the purchase of a 42.5% interest in UAB Mestilla. Mestilla is building the biggest biodiesel factory in the Baltic states.

Owners of Lithuanian agricultural company Linas Agro will be the other shareholder, with a 57.5% stake.

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