8:49 | 17.09.2008
DGAP-News: BKN biostrom AG sells its biodiesel business. Group reorientation thus concluded successfully.
BKN biostrom AG / Disposal
17.09.2008
Release of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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BKN biostrom AG sells its biodiesel business.
Group reorientation thus concluded successfully.
Vechta, 17 September 2008. BKN biostrom AG has sold its biodiesel
subsidiary, BioDiesel Bokel GmbH, as planned. The aim is to concentrate
exclusively on the project planning of biogas plants in future.
With this sale the company has ended its activities in the biodiesel market
and thus successfully concluded the reorientation of the BKN Group. The
buyer is BF Oils Ltd., London, a sales and logistics company specialising
in the international biofuels market. With the production plant in Bokel,
the company has acquired a state of the art location where biodiesel can be
manufactured at very low cost using the so-called multi-feedstock process.
The companies have agreed to keep the purchase price confidential.
The sale should be made final on 30 Sept. 2008, so that BKN will end its
biodiesel activities in the current fiscal year 2007/2008 (30 Sept.). With
this, BKN will turn its sole focus to its biogas activities beginning in
the fiscal year to come.
Robert Starling, Managing Director of BF Oils Ltd., believes the takeover
of BioDiesel Bokel GmbH is an important milestone for the further growth of
the company’s biodiesel business. ‘Our aim is to gain additional market
shares in both the German market and in Europe. The acquisition of this
state of the art production plant puts us a large step closer to achieving
this goal.’
Gunnar Dresen, BKN biostrom AG’s CFO, is also pleased about the sale. ‘We
have found an ideal buyer for our previous biodiesel segment in BF Oils
Ltd. and Robert Starling. I am certain that the Bokel location will fit
very well with the new owner’s corporate strategy and will be further
developed accordingly.’
About BKN biostrom AG
BKN biostrom AG specialises in the project development of biogas plants.
BKN biostrom acts as a successful general developer in the market for
biogas plants through its operating subsidiaries. In doing so, it covers
the entire value chain: the company has extensive know-how ranging from
securing sites, development, permit acquisition and the construction and
launch of biogas plants to the efficient management of plants. The
company’s many years of experience in supervising biological processes at
biogas plants give BKN biostrom its specific market expertise.
About BF Oils Ltd.
Having developed operational bases in the UK and Europe and managed
plantations throughout Africa and Indonesia, BF Oils set up to support the
supply chain for the Biofuels industry by securing the supply and logistics
of feedstocks and associated products, before now moving on to produce its
own biodiesel products – capitalising on already established supply and
sales channels.
Contact:
BKN biostrom AG
Gunnar Dresen, CFO
T +49 (0)40 357 188 60
F +49 (0)40 357 188 62
dresen@bkn-biostrom.de
www.bkn-biostrom.de
17.09.2008 Financial News transmitted by DGAP
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Language: English
Issuer: BKN biostrom AG
Große Elbstraße 45
22767 Hamburg
Deutschland
Phone: +49 (0)40 3571 8860
Fax: +49 (0)40 3571 8862
E-mail: ir@bkn-biostrom.de
Internet: www.bkn-biostrom.de
ISIN: DE000A0LD4M4
WKN: A0LD4M
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry Standard
in Frankfurt
End of News DGAP News-Service
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