Noerr advises Deutsche Bank AG on financing delisting acquisition offer regarding Südzucker AG

A team from Noerr led by Torsten Wehrhahn (lead) and Andreas Naujoks has advised Deutsche Bank AG on a €300ma bridge financing for Südzucker AG to secure a delisting agreement with CropEnergies AG.

On 19 December 2023, the management board of Südzucker AG, with the approval of the supervisory board, made an unconditional offer to the remaining shareholders of CropEnergies to acquire their shares. At that time, Südzucker AG held around 69.2% of the share capital in CropEnergies AG, which is one of the leading producers of sustainably produced ethanol for the fuel sector in Europe as well as food and animal feed products.

Advisors to Deutsche Bank AG: Noerr

Finance: Torsten Wehrhahn (Partner), Andreas Naujoks (Partner) and Martina Buller (Senior Associate, all Banking & Finance, Frankfurt)

Tax: Andre Happel (Partner) and Thomas Renner (Associate, both Tax, Frankfurt)