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• EUROPE: Statoil to buy stake in Baltic biodiesel

  Published: August 30, 2007, 7:31 pm

  Tags: Uab Mestilla, Statoil, Lithuania, Norway, Mestilla, Linas Agro, Seb Venture Captial, Biodiesel

  buy a 42.5 percent stake in UAB Mestilla, a company building the Baltic States' biggest biodiesel facility. SEB Venture Captial and the Norwegian oil company have agreed a letter of intent for the share in Mestilla. Owners of Lithuanian agricultural company Linas Agro will be the other shareholder, with a 57.5% stake, a Statoil statement said.

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