Südzucker takes next steps to take back company from hands of investors

In Germany, Südzucker AG announced the publication of the offer document for the public delisting tender offer to all shareholders of CropEnergies AG for the acquisition of all outstanding shares not already directly held by Südzucker, following the approval by the German Federal Financial Supervisory Authority (“BaFin”). Both companies signed a delisting agreement in this matter on December 19, 2023. Südzucker currently holds around 79.8 % of the share capital in CropEnergies.

The acceptance period begins today and ends at midnight (CET) on February 16, 2024.
CropEnergies shareholders can accept the delisting tender offer by tendering their shares at an offer price of €11.50 per share. The offer price corresponds to a premium of approximately 36.9 % on the volume-weighted average price of the last six months preceding the publication of the decision to launch the delisting tender offer and a premium of around 69.4 % on the last Xetra® closing price of December 18, 2023, i.e. the closing price on the last day prior to the publication of the decision to launch the delisting tender offer.