Global Bioenergies: takeover bid deadline extended to 18 July 2025

Core Points - The deadline for potential buyers to submit preliminary bids for Global Bioenergies has been extended to 18 July 2025, allowing more time for interested parties to conduct their studies [2] - Two offers and three letters of intent have been received, indicating interest in the company's assets [2] - A review hearing for final offers is expected to take place in September or October [3] Company Situation - Global Bioenergies is undergoing a pre-pack sale process aimed at maintaining business activities and jobs, but shareholders will not receive compensation, leading to a total loss of their investments [5] - The company has significant debts amounting to €13 million, which has hindered its ability to finance future operations as a listed entity [5] - Despite a promising partnership project with an undisclosed major industrialist, the company was unable to bring its solution to the Sustainable Aviation Fuel (SAF) market [5] Technology and Market Position - Global Bioenergies has developed a unique process for producing SAF and e-SAF from renewable resources, contributing to the decarbonization of air transport [6] - The company's technology is one of the few certified by ASTM, and its products meet high standards in the cosmetics industry, with L'Oréal being the largest shareholder at 13.5% [6]