EnBW to take over bmp greengas following insolvency

In Germany, EnBW Energie Baden-Württemberg AG welcomes the broad majority approval of the insolvency plan for biomethane trader bmp greengas GmbH by the creditors’ meeting held at Karlsruhe Local Court. The EnBW Group is confident that the self-administration insolvency proceedings launched in August will be brought to a successful conclusion once the associated decision has been issued by the court and enters into effect.

EnBW submitted a binding offer in October, as the sole bidder, to fund the insolvency plan that has now been accepted by creditors. As set out in the plan, EnBW will bring bmp greengas GmbH under new ownership within the EnBW Group. VNG Handel & Vertrieb GmbH (VNG H&V), a wholly owned subsidiary of the Leipzig-based gas group VNG AG, will take over bmp greengas GmbH in its entirety once the proceedings have been concluded.

EnBW considers that this paves the way for a stable future for bmp greengas GmbH, as envisaged in the insolvency proceedings. Such an outcome is equally in the interests of customers, suppliers and the bmp greengas workforce of approximately 60 employees. It also means that further upheavals in the biomethane market can be averted so that the market can continue to stabilize. The takeover of bmp greengas GmbH by VNG H&V also concentrates the biogas activities of the entire Group in a logical manner.