In May 2018, Neste announced it intended to acquire 51% shares of IH Demeter B.V., a trader of animal fats and proteins. (Earlier post.) The acquisition has been approved by regulatory authorities, and the deal has been closed. Neste now owns 51% of the shares of IH Demeter B.V., making Neste the controlling shareholder. The former owners remain as co-owners.
I am delighted to announce, that the transaction has been finalized. We share the same vision for the future, and we are devoted to developing Neste Demeter’s business further. I am glad that the co-owners trusted us to be the best partner in taking their business to the next level.
This supports Neste’s strategy of building a global waste and residue raw material platform to secure raw material availability and competitiveness. With an efficient European-wide logistical setup, the company is well positioned to serve Neste in delivering future raw material volumes to Neste’s renewable product refineries.—Kaisa Hietala, Executive Vice President of Renewable Products business area of Neste
As a result of the deal the company will be called Neste Demeter B.V.