VERBIO AG plans IPO for October 11, 2006

9/29/2006, 8:00 AM (Source: GlobeNewswire)

VERBIO-0.54%

54.90
Chart for: VERBIO VER.BIOENERGIE  ON



Zörbig, September 29, 2006. VERBIO Vereinigte BioEnergie AG, a
leading European producer of biodiesel and bioethanol, will start
marketing of its shares today. The first day of trading in the Prime
Standard segment (Official Market) of the Frankfurt Stock Exchange is
planned for October 11, 2006. The IPO proceeds will to be used to
increase production capacities and provide greater financial
flexibility.

The offer period, during which investors will have the opportunity to
submit subscription orders for the shares, is expected to last from
October 5, 2006 to October 10, 2006. The price range is due to be set
on October 4, 2006, and will be published immediately after the
decision has been taken. Credit Suisse and Dresdner Kleinwort have
been appointed as Global Coordinators and Joint Bookrunners. The
underwriting syndicate also include Landesbank Baden-Württemberg and
Sal. Oppenheim jr. & Cie KGaA.

The majority of the offering will come from a capital increase.
VERBIO plans to increase its share capital from EUR 50 million up to
EUR 63 million. The total offering will amount up to 18.2 million
shares, of which up to 13 million shares will come from the capital
increase and additional up to 3.2 million shares will be sold by the
existing shareholders. Moreover, the existing shareholders have
granted the underwriters the possibility to acquire up to 2 million
shares at the offer price in order to cover any over-allotments
(greenshoe option).

The company intends to use the IPO proceeds to enhance its financial
flexibility and finance the group's growth strategy. Claus Sauter,
CEO of VERBIO AG: "The market for biofuels offers excellent growth
prospects. With the proceeds from our IPO we plan to double our
nominal capacities over the next few years to 1.4 million tons per
annum and thus extend our leading position in Europe."

As part of its growth strategy, VERBIO is currently investigating
various locations in Central and Eastern Europe for bioethanol
facilities as well as in Southern and Western Europe for biodiesel
facilities. Preliminary plans are also being made for the possible
construction of a further facility in Germany. In addition, the IPO
proceeds are to be used to build biogas plants aimed at optimizing
energy efficiency and further improving profitability of the
bioethanol production. The company also plans to continue the
development of its production processes with regard to the use of
alternative raw materials. Total investments of EUR 300 to 400
million have been earmarked for expansion and optimization of
production capacities and processes over the next few years.

The VERBIO shares are to be traded on the Official Market (Prime
Standard) of the Frankfurt Stock Exchange under the ISIN
DE000A0JL9W6. The prospectus has been approved by the Federal
Financial Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht) on September 28, 2006 and published on
VERBIO's website (www.verbio.de). It is also available in print from
the company and the underwriters.

Contact
VERBIO Vereinigte BioEnergie AG
Alexandra Mühr
Tel.: (+49) 34956 / 303 90
Fax: (+49) 34956 / 303 99
E-mail: pr@verbio.de


Information on VERBIO Vereinigte BioEnergie AG

The VERBIO Group is one of the leading producers and suppliers of
biofuels and also the only industrial-scale producer of biodiesel and
bioethanol in Europe. Nominal capacity currently amounts to around
400,000 tons of biodiesel and 300,000 tons of bioethanol per annum.
The company has developed its own processes and innovative
technologies for the production of biodiesel and bioethanol. It
supplies its products directly to European mineral oil corporations,
mineral oil traders, independent gas stations and haulage companies.
VERBIO AG also markets high-quality pharmaglycerin for the consumer
goods and cosmetic industries (glycerin is a by-product of biodiesel
production). Within the Group, VERBIO AG acts as the management
holding company. The Group's operating business is run by its
subsidiaries: MUW Mitteldeutsche Umesterungswerke, NUW
Nordbrandenburger Umesterungswerke, MBE Mitteldeutsche BioEnergie,
NBE Nordbrandenburger BioEnergie and SBE Swiss BioEnergy. In the
first half of 2006, the company generated sales of EUR 205.4 million
with some 300 employees. EBIT amounted to EUR 27.8 million.

Disclaimer

This press announcement is not a prospectus and does not constitute
an offer to sell or the solicitation of an offer to purchase the
shares or other securities of VERBIO Vereinigte BioEnergie AG.
Investors should not subscribe for any shares referred to in this
document except on the basis of the information contained in the
prospectus relating to the Shares. The prospectus is published on the
websites of the VERBIO Vereinigte BioEnergie AG. A free copy of the
prospectus is available to investors at the Company, Credit Suisse
Securities (Europe) Limited, Dresdner Bank AG, Landesbank
Baden-Württemberg, Sal. Oppenheim jr. & Cie. KGaA and Frankfurter
Wertpapierbörse.

This press announcement is not an offer of securities for sale in the
United States of America. Securities may not be offered or sold in
the United States of America absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended. Any
public offering of securities to be made in the United States of
America will be made by means of a prospectus that may be obtained
from VERBIO Vereinigte BioEnergie AG and that will contain detailed
information about the company and management, as well as financial
statements.

This document is directed at and/or for distribution in the U.K. only
to (i) persons who have professional experience in matters relating
to investments falling within article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order")
or (ii) high net worth entities falling within article 49(2)(a) to
(d) of the Order (all such persons being together referred to as
"relevant persons"). This document is directed only at relevant
persons. Any person who is not a relevant person should not read, act
or rely on this document or any of its contents. Any investment or
investment activity to which this document relates is available only
to relevant persons and will be engaged in only with relevant
persons.

The information included in this press release is not intended for
publication or circulation in the USA, Canada, Australia or Japan and
does not constitute an offer for the purchase of securities.


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