Assignments March 20, 2024

Cirio advises Biokraft in public takeover offer and financing matters

1Vision Biogas AB launched a mandatory takeover offer to the shareholders of Biokraft International AB (publ) (“Biokraft”), listed on Nasdaq First North Premier Growth Market valuing Biokraft to approx. SEK 900 million.

The obligation to launch the mandatory takeover offer was triggered by two of Biokraft’s previously largest shareholders consolidating their respective ownership into the newly established company 1Vision Biogas AB. The consolidation further triggered a change of control event under Biokraft’s outstanding senior secured green bonds.

Cirio has advised Biokraft on multiple aspects in relation to the consolidation including the public takeover offer and matters with respect to financing and the senior secured green bond.

Biokraft is a Nordic greentech company that produces bioenergy and plant nutrients in a circular cycle by recycling organic waste and residues in large-scale biorefineries. The biogas is CO2 neutral and reduces GHG emissions by up to over 100% when it replaces fossil fuels. Biokraft will build, own and operate large-scale biogas plants with a focus on the Northern European market. Today, there are facilities in Sweden, Norway and Korea. Biokraft has more than 120 employees and had total revenues of SEK 534 million in 2023.

Cirio’s team is led by Maria Arnoldsson (Equity Capital Markets and Public M&A) together with Carl Axel Morvay (Debt Capital Markets and Banking & Finance) with the assistance of Sebastian Iso-Kamula, Alexandra Linusson, Maria Hanbo, Emelie Bergman, Louise Åberg, Natalie Nilsson and Selma Didriksson Fröjd.



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