Südzucker to acquire the remaining 26% stake in CropEnergies for €261m.

Südzucker, a sugar producer, agreed to acquire the remaining 26% stake in CropEnergies, an animal food manufacturing company, for €261m. „With the capacities freed up among management and employees by the delisting we will be able to realise our ambitious growth plans more efficiently in the future. CropEnergies wants to evolve from a manufacturer of renewable ethanol for fuel applications to a provider of innovations from biomass. In addition to an alternative to fossil fuels, this also includes the new business area of biobased chemicals, basic chemicals made from renewable raw materials that replace fossil raw materials in the chemical industry. The financial funding required for this can come from our own resources on the one hand, and on the other hand we continue to have access to the capital market via a strong parent company,” Dr Stephan Meeder, CropEnergies CEO/CFO.