Corporate | 27 June 2013 09:00

VERBIO Vereinigte BioEnergie AG: VERBIO subsidiary Märka GmbH sells off key sites

VERBIO Vereinigte BioEnergie AG / Key word(s): Disposal

27.06.2013 / 09:00

VERBIO SUBSIDIARY MÄRKA GMBH SELLS OFF KEY SITES

Zörbig/Leipzig, 27 June 2013 * Before this year’s harvest gets underway, Märka GmbH has successfully sold off twelve of its main sites in the German regions of Brandenburg, Saxony and Thuringia. Eleven have been bought by Hauptgenossenschaft Nord AG, Kiel (HaGe), while the storage facility for pesticides in Grossbothen has been acquired by AGRAVIS Raiffeisen AG. A fair total price in the double-digit millions has been agreed. The sale to HaGe is subject to the approval of Germany’s Federal Cartel Office. In addition to acquiring land and buildings, the purchasers are going to take over all the 70 people employed at the sites concerned.

In its ad hoc disclosure dated 30 April 2013, VERBIO Vereinigte BioEnergie AG (VERBIO) first announced its intention to dispose of its subsidiary Märka GmbH as part of the strategic realignment of its raw materials procurement and to concentrate on its core business – the production of biofuels. VERBIO is responding to changes affecting the biofuel industry and the market in terms of both procurement and sales.

Claus Sauter, CEO of VERBIO AG, said: ‘We are delighted by these successful transactions, which reflect Märka’s efficient, well-equipped collection centres and its well-trained workforce. We are reviewing a number of strategic options for the remaining sites and negotiations are underway with potential buyers.’

About VERBIO Vereinigte BioEnergie AG (VERBIO)
VERBIO is one of the leading independent producers and suppliers of biofuels and also the only industrial-scale producer of biodiesel, bioethanol and biomethane in Europe. Nominal capacity currently amounts to around 450,000 tonnes of biodiesel, 300,000 tonnes of bioethanol and 480 gigawatt hours of biomethane per year. In the production of its highly efficient fuels, the company uses its own energy-saving production processes and innovative technologies. The biofuels produced by VERBIO achieve CO2 reductions of up to 90 per cent compared with petrol and diesel. VERBIO supplies its products directly to European oil corporations, oil traders, independent filling stations, haulage companies, public utilities and vehicle fleets. VERBIO AG also markets high-quality pharma glycerine for the consumer goods and cosmetic industries (glycerine is a by-product of biodiesel production). VERBIO Vereinigte BioEnergie AG acts as the management holding company within the Group. The Group’s operating business is run by its subsidiaries VERBIO Diesel Bitterfeld GmbH & Co. KG, VERBIO Diesel Schwedt GmbH & Co. KG, VERBIO Ethanol Schwedt GmbH & Co. KG, VERBIO Ethanol Zörbig GmbH & Co. KG and Märka GmbH. VERBIO shares (ISIN DE000A0JL9W6/WKN A0JL9W) have been listed on the Prime Standard of the Frankfurt Stock Exchange since October 2006.

Contact:
VERBIO Vereinigte BioEnergie AG
Augustusplatz 9
04109 Leipzig

Anna-Maria Schneider
Investor Relations/Public Relations
Phone: +49(0)341/308530-294
Fax: +49(0)341/308530-298
Email: ir@verbio.de/pr@verbio.de

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Language:	English
Company:	VERBIO Vereinigte BioEnergie AG
	Augustusplatz 9
	04109 Leipzig
	Germany
Phone:	+49 (0)341 308530-0
Fax:	+49 (0)341 308530-998
E-mail:	ir@verbio.de
Internet:	www.verbio.de
ISIN:	DE000A0JL9W6
WKN:	A0JL9W
Listed:	Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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