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Neste Oyj (NESTE.HE)

NESTE.HE on Helsinki Stock Exchange

31.32EUR
19 Nov 2019
Change (% chg)

€-0.24 (-0.76%)
Prev Close
€31.56
Open
€31.65
Day's High
€31.99
Day's Low
€31.30
Volume
1,172,633
Avg. Vol
1,147,066
52-wk High
€33.33
52-wk Low
€22.00

Latest Key Developments (Source: Significant Developments)

Tatneft Completes Acquisition Of Neste’s Retail Business In Russia
Thursday, 31 Oct 2019 

Oct 31 (Reuters) - Tatneft ::TATNEFT TRANSACTION ON THE ACQUISITION OF NESTE’S <<>> RETAIL BUSINESS IN RUSSIA BY TATNEFT WAS CLOSED ON OCTOBER 31.THE ACQUIRED RETAIL NETWORK WILL CONTINUE TO OPERATE UNDER THE NESTE BRAND FOR UP TO 5 YEARS.  Full Article

Russia's FAS Approves Tatneft Buying Neste's Fuel And Retail Business In Russia With Conditions - Ifax
Tuesday, 22 Oct 2019 

Oct 22 (Reuters) - Russia's Federal Anti-monopoly Service (FAS):RUSSIA'S FAS APPROVES ACQUISITION OF FUEL AND RETAIL BUSINESS OF NESTE IN ST. PETERSBURG BY TATNEFT <<>> WITH CONDITIONS - IFAX CITES FAS .  Full Article

Fortum And Neste Enter Into Long-Term Electricity Sales Agreement
Tuesday, 22 Oct 2019 

Oct 22 (Reuters) - Fortum Oyj ::FORTUM AND NESTE ENTER INTO LONG-TERM ELECTRICITY SALES AGREEMENT FOR KALAX WIND FARM.FORTUM AND NESTE HAVE NOW SIGNED A 12-YEAR ELECTRICITY SALES AGREEMENT (PPA) FOR PROJECT.ESTIMATED COMPLETION OF PLANT IS TOWARDS END OF 2020.CONTRACT COVERS 70% OF PRODUCTION AT KALAX WIND FARM IN NÄRPIÖ.  Full Article

Neste: IT Incident Due To Hardware Failure, Production Continues
Tuesday, 15 Oct 2019 

Oct 15 (Reuters) - Neste Oyj ::SAYS IN REFERENCE TO THE IT INCIDENT REPORTED ON MONDAY nFWN26Z0EE THAT THE COMPANY'S IT SYSTEMS WERE AFFECTED BY A HARDWARE FAILURE IN SERVICE PROVIDER'S DATA CENTER .SAYS PRODUCTION OPERATIONS CONTINUE NORMALLY AND THE COMPANY HAS BEEN ABLE TO CONTINUE FUEL DELIVERIES.  Full Article

Neste: Large Scale Incident Ongoing In Co's Multiple IT Systems
Monday, 14 Oct 2019 

Oct 14 (Reuters) - Neste Oyj ::LARGE SCALE INCIDENT ONGOING IN MULTIPLE NESTE IT SYSTEMS.SITUATION AFFECTS NESTE FINLAND AND BALTIC PROCESS, TANK AND TERMINAL AREAS, AND CAUSES DELAYS IN PRODUCT DISTRIBUTION.SITUATION IS BEING INVESTIGATED TOGETHER WITH OUR SERVICE PROVIDERS.  Full Article

Neste Q2 Comparable EBIT EUR 367 Mln, Below Forecast
Thursday, 25 Jul 2019 

July 25 (Reuters) - Neste Oyj ::NESTE'S HALF-YEAR FINANCIAL REPORT FOR JANUARY-JUNE 2019.Q2 COMPARABLE EBIT EUR 367 MILLION (REFINITIV POLL: EUR 383.59 MILLION ).GLOBAL OIL PRODUCT DEMAND GROWTH IS EXPECTED TO CONTINUE AT A LOWER RATE THAN IN 2018.Q2 SALES EUR 4.06 BILLION (REFINITIV POLL: EUR 3.87 BILLION).GLOBAL REFINING CAPACITY ADDITIONS ARE EXPECTED TO GROW DRIVEN BY LARGE PROJECTS IN ASIA AND MIDDLE EAST.NESTE'S EFFECTIVE EUR/USD RATE IS EXPECTED TO BE WITHIN A RANGE 1.14-1.16 IN Q3 OF 2019.RENEWABLE PRODUCTS' SALES VOLUMES AND UTILIZATION RATES OF OUR PRODUCTION FACILITIES ARE EXPECTED TO REMAIN HIGH IN Q3.HAVE SCHEDULED A CATALYST CHANGE AT ROTTERDAM RENEWABLE PRODUCTS REFINERY IN Q4.CATALYST CHANGE IS CURRENTLY ESTIMATED TO HAVE A NEGATIVE IMPACT OF APPROX. EUR 50 MILLION ON SEGMENT'S COMPARABLE OPERATING PROFIT IN Q4.OIL PRODUCTS' THIRD-QUARTER REFERENCE MARGIN IS EXPECTED TO BE HIGHER THAN IN FIRST HALF OF YEAR.NESTE - SCHEDULED MAINTENANCE AT PORVOO REFINERY PRODUCTION LINE 4 SEEN TO HAVE NEGATIVE IMPACT OF APPROX. EUR 15 MILLION ON OIL PRODUCT'S SEGMENT COMPARABLE OPERATING PROFIT, MAINLY IN Q4.OIL PRODUCTS' ADDITIONAL MARGIN BURDENED BY LOWER CURRENCY HEDGING RESULT, HIGHER UTILITY COSTS AND NARROW URALS-BRENT PRICE DIFFERENTIAL.OIL PRODUCTS LOWER REFERENCE MARGIN HAD A NEGATIVE IMPACT OF EUR 18 MILLION ON COMPARABLE OPERATING PROFIT YEAR-ON-YEAR.  Full Article

Russia's Tatneft Buys Neste's Business In Russia
Friday, 5 Jul 2019 

July 5 (Reuters) - Tatneft ::SAYS BUYS FUEL RETAIL BUSINESS IN RUSSIA FROM NESTE.SAYS DEAL INVOLVES 75 GAS STATIONS AND TERMINAL IN ST. PETERSBURG.SAYS PRICE OF THE DEAL IS CONFIDENTIAL.  Full Article

Neste Names Mercedes Alonso EVP Renewable Polymers And Chemicals
Friday, 28 Jun 2019 

June 28 (Reuters) - Neste Oyj ::NESTE APPOINTS MERCEDES ALONSO AS EXECUTIVE VICE PRESIDENT, RENEWABLE POLYMERS AND CHEMICALS, AND MEMBER OF THE NESTE EXECUTIVE COMMITTEE.ALONSO WILL JOIN NESTE ON SEPTEMBER 2019, AT LATEST.  Full Article

Rejlers To Acquire Neste Engineering Solutions Units
Wednesday, 19 Jun 2019 

June 19 (Reuters) - Rejlers Ab (Publ) ::REJLERS ENTERS INTO A STRATEGIC PARTNERSHIP WITH NESTE BY MEANS OF AN ACQUISITION AND A NEW FIVE YEAR FRAME AGREEMENT.REJLERS HAS TODAY ENTERED INTO AN AGREEMENT TO ACQUIRE STRATEGICALLY IMPORTANT BUSINESS UNITS FROM NESTE ENGINEERING SOLUTIONS..ACQUIRED ENTITIES EMPLOY 333 STAFF IN TOTAL AND PURCHASE PRICE AMOUNTS TO EUR 21 M.ACQUISITION IS WELL ALIGNED WITH NEW STRATEGY FOR GROWTH IN EXISTING MARKETS.AFTER TRANSACTION, REJLERS WILL HAVE AROUND 2,300 QUALIFIED EMPLOYEES IN TOTAL.IN CONNECTION WITH ACQUISITION, PARTIES HAVE ENTERED INTO A FIVE YEAR STRATEGIC PARTNERSHIP AGREEMENT.TRANSACTION IS EXPECTED TO BE COMPLETED NO LATER THAN 1 OCTOBER 2019.ACQUISITION WILL BE FINANCED THROUGH A NEW BANK FACILITY OF SEK 220 M, UNDER DURATION OF WHICH REJLERS WILL CONSIDER PARTLY REPAYING IT BY MEANS OF A NEW SHARE ISSUE, WHICH COULD BE CARRIED OUT EITHER AS A DIRECTED ISSUE OR AS A RIGHTS ISSUE.ACQUISITION WILL BE FINANCED THROUGH A NEW BANK FACILITY OF SEK 220 M.  Full Article

Lyondellbasell And Neste Announce Commercial-Scale Production Of Bio-Based Plastic From Renewable Materials
Tuesday, 18 Jun 2019 

June 18 (Reuters) - LyondellBasell Industries NV ::LYONDELLBASELL AND NESTE ANNOUNCE COMMERCIAL-SCALE PRODUCTION OF BIO-BASED PLASTIC FROM RENEWABLE MATERIALS.NESTE - JOINT PROJECT USED CO'S RENEWABLE HYDROCARBONS DERIVED FROM SUSTAINABLE BIO-BASED RAW MATERIALS.  Full Article

Finland's Neste expands Singapore refinery as it taps renewable growth

SINGAPORE Finnish biofuel producer and oil refiner Neste is spending 1.4 billion euros ($1.6 billion) to more than double output at its Singapore refinery to meet rising global demand for renewable energy.