Südzucker AG increases its stake in CropEnergies AG and delists the company from the Frankfurt stock exchange

Südzucker AG announced that it has increased its stake in CropEnergies AG to 94.2%, following a public buyout offer which closed on February 16, 2024. This transaction marks an important milestone as CropEnergies will be delisted from the regulated market of the Frankfurt Stock Exchange at the end of February 2024. The offer acceptance period saw the submission of 9,191,764 shares of CropEnergies, representing approximately 10.5% of the available shares. Thus, Südzucker's stake in CropEnergies, which previously stood at 69.2%, increased significantly.

This acquisition allows Südzucker to strengthen its position in the sector and pursue its growth strategy with a clearer capital structure. Dr Niels Pörksen, CEO of Südzucker, expressed his satisfaction with this transaction which demonstrates the confidence of CropEnergies shareholders in the Südzucker group. The public buyout offer, as well as the acquisitions of shares made outside of this offer, were carried out in accordance with German regulations and certain applicable US securities laws.