Cirio advises Scandinavian Biogas in connection with mandatory takeover offer
Cirio acts as legal adviser to Scandinavian Biogas Fuels International AB (publ) (”Scandinavian Biogas”) in connection with the public takeover offer that Aneo Renewables Holding (“Aneo”) has launched to the shareholders of Scandinavian Biogas in accordance with the takeover rules. The mandatory takeover offer is launched as a result of Aneo’s ownership in Scandinavian Biogas exceeding 30 percent of the total number of shares and votes in Scandinavian Biogas following Aneo’s participation in the directed share issue that Scandinavian Biogas carried out in autumn 2022. The mandatory takeover offer values Scandinavian Biogas to approximately SEK 670 million.
Scandinavian Biogas is a leading Nordic producer of biogas for vehicle fuel and fertilizer with facilities in Sweden, Norway and Korea. In 2021, the company delivered 366 GWh of energy.
Cirio’s team is led by Maria Arnoldsson, together with Sebastian Iso-Kamula and Louise Åberg (Capital Markets and Public M&A).
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