Allen & Overy advises leading European manufacturer of renewable ethanol, CropEnergies AG, on delisting tender offer from Südzucker AG

Subject to a more detailed review of the offer document to be published by Südzucker AG and observing the statutory requirements, CropEnergies AG has undertaken to file an application for revocation of admission of the company's shares to trading on the regulated market of the Frankfurt Stock Exchange before the deadline for acceptance set out in the delisting tender offer has expired and to support the delisting tender offer.

CropEnergies AG is the leading European manufacturer of renewable ethanol. Sustainably produced ethanol as a petrol substitute is an answer to the future challenges of climate friendly energy supply in the transport sector. Thanks to highly efficient production plants, the ethanol manufactured by CropEnergies reduces CO2 emissions by an average of more than 70% across the entire value chain compared to fossil fuels. The high quality alcohol is also used in beverage production, cosmetics, pharmaceutical applications, for example as a basis for disinfectants, or as a raw material for innovative biochemicals.

The Allen & Overy team was jointly led by partners Dr Christian Eichner (Corporate/M&A, Düsseldorf) and Dr Michael Weiß (Corporate/M&A, Frankfurt) and included counsel Dr Andre Wandt, together with associates Veronika Gaile, Florian Diehl and Claudia Andermann (all Corporate/M&A, Frankfurt).