Suedzucker seeks to delist CropEnergies

December 21, 2023 |

In Germany, Reuters reports that Suedzucker has offered a nearly 70% premium to purchase the outstanding 25.94% of CropEnergies that it does not own in an effort to delist the company through 100% ownership. Suedzucker says that it has taken the decision based on its 2026 PLUS growth strategy, which is centered on biobased chemicals. The public offer for the shares were made available late on Tuesday at the dedicated website https://www.powerofplants-offer.com/websites/3009_ma/English/1000/media-announcements.html?disclaimer_clear=true that outlines the proposal in detail.

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