깨끗한 환경은 곧 경쟁력이자 사회적 자본입니다
스웨덴의 바이오가스 사업을 주도하는 환경 목표
– 2030년 수송 부문 화석 연료 사용 제로화
– 2050년 배출 중립국
We take your confidence in us very seriously
Without our shareholders, Scandinavian Biogas would never have had the opportunity to develop. Today we have around 2500 shareholders. A heartfelt thank you to all of you who believe in us and invest in the company. We hope that you have made note of Scandinavian Biogas’ positive development and that we have your continued confidence in us going forward.
Matti Vikkula, CEO
+46 (0) 70 59 799 38
Green financing and equity frameworks
Introduction to the green financing and equity frameworks
Scandinavian Biogas has been reviewed by CICERO Shades of Green AS (“CICERO”), which provides a market-leading independent, research-based evaluations of green and sustainability bonds as well as full company assessments.
CICERO has provided second opinions on companies’ debt financings since 2008 and rates the debt in Dark Green, Medium Green and Light Green shades to offer investors better insight into the environmental quality and climate risks. Included in the overall shading is an assessment of the governance structure, rated Fair, Good and Excellent.
In addition, CICERO has developed a new methodology for company assessments by extending the Green Financing Framework to apply to the whole company and equity. CICERO’s company assessments provide insights into the green transition ambitions by adding Light, Medium and Dark Brown shadings to the three green shadings for revenue streams and investments depending on how well they are aligned with a low-carbon, climate resilient future. The assessment also provides investors and lenders with information on possible alignment to the EU taxonomy as well as companies’ environmental governance structure. An assessment of the governance structure is included with the same rating as in the second opinions.
Scandinavian Biogas’ ratings
In August 2020, CICERO completed its second opinion on Scandinavian Biogas and rated the Company’s debt financing Dark Green and a governance score of Good. In November 2020, CICERO allocated a Dark Green shading to all of Scandinavian Biogas’ revenue streams and investments and a governance score of Good. Further, CICERO assesses that Scandinavian Biogas’ activities are likely to be aligned with the EU Taxonomy.
3월 15, 2023
Financial Statement January–December 2022
3월 31, 2023
2022 Annual Report
Statement by the Board of Directors of Scandinavian Biogas in relation to Aneo Renewables’ mandatory offer
Stockholm, 1 December 2022
The Board of Directors of Scandinavian Biogas Fuels International AB (publ) (“Scandinavian Biogas” or the “Company”) unanimously recommends the shareholders of the Company not to accept Aneo Renewables Holding AS (“Aneo”) mandatory offer of SEK 15.45 per share in cash.
This statement is made by the Board of Directors of Scandinavian Biogas pursuant to Rule II.19 of the Swedish Corporate Governance Board’s takeover rules for certain trading platforms (the “Takeover Rules”).
On 5 October 2022 the Board of Directors in Scandinavian Biogas resolved on a directed share issue (the “Directed Share Issue”), which was approved by an extraordinary general meeting held on 27 October 2022. The subscription price in the Directed Share Issue was SEK 25 per share.
By Aneo’s participation in the Directed Share Issue, Aneo’s total shareholding in Scandinavian Biogas reached approximately 36.1 percent of the total number of shares and votes in Scandinavian Biogas. Consequently, Aneo became, in accordance with the Takeover Rules, obliged to submit a mandatory offer for the remaining shares in Scandinavian Biogas.
On 23 November 2022, Aneo announced a mandatory offer, according to the rules regarding mandatory offers in the Takeover Rules, to the shareholders in Scandinavian Biogas to transfer all of their shares in the Company to Aneo (the “Offer”). According to the terms of the Offer, Aneo offers SEK 15.45 in cash for each share in Scandinavian Biogas, which corresponds to the volume-weighted average price for the Scandinavian Biogas share during the 20 latest trading days up to and including 5 October 2022, the date on which the Directed Share Issue was announced. The Offer comprises all shares in Scandinavian Biogas not already held by Aneo.
The Offer values Scandinavian Biogas at approximately SEK 670 million, based on all of the 43,578,852 outstanding shares in Scandinavian Biogas, i.e., including the shares held by Aneo.
The consideration of the Offer corresponds to:
- A negative premium of 38.2 percent compared to the subscription price of SEK 25 in the Directed Share Issue.
- A premium of 0.1 percent compared to the closing price of SEK 15.44 of the Scandinavian Biogas share on Nasdaq First North Premier Growth Market on 5 October 2022 (which was the last trading day prior to the announcement of the Directed Share Issue).
- A negative premium of 7.1 percent compared to the volume-weighted average price of SEK 16.63 of the Scandinavian Biogas share on Nasdaq First North Premier Growth Market during the 30 latest trading days up to and included 5 October 2022 (which was the last trading day prior to the announcement of the Directed Share Issue).
- A negative premium of 2.5 percent compared to the closing price of SEK 15.84 of the Scandinavian Biogas share on Nasdaq First North Premier Growth Market on 23 November 2022 (which was the last trading day prior to the announcement of the Offer).
- A negative premium of 3.0 percent compared to the volume-weighted average price of SEK 15.93 of the Scandinavian Biogas share on Nasdaq First North Premier Growth Market during the 30 latest trading days up to and included 23 November 2022 (which was the last trading day prior to the announcement of the Offer).
The acceptance period of the Offer ends on 19 December 2022.
The Offer is not subject to any conditions.
For further information about the Offer, please refer to www.aneo.com/om-oss/finansiell-informasjon.
The board member Håkon Welde is Head of M&A and Corporate Ownership at Aneo. Due to conflict of interest, Håkon Welde does not participate in the Board of Directors’ processing of or resolutions on matters related to the Offer. Håkon Welde does not submit or participate in the Offer.
The Offer’s impact on the Company and its employees
According to the Takeover Rules, the Board of Directors of Scandinavian Biogas shall, based on what Aneo has stated in the announcement of the Offer, present its opinion regarding the impact that implementation of the Offer will have on the Company, particularly in terms of employment, and its opinion regarding Aneo’s strategic plans for the Company and the anticipated effects such plans will have on employment and operations on the locations on where the Company conducts its business.
In the offer document, Aneo has stated the following regarding the Offer: “Aneo values the competence of Scandinavian Biogas’s management and employees and intends to continue to safeguard the excellent relationship that Scandinavian Biogas has to its employees. With Aneo’s knowledge of Scandinavian Biogas and in light of the current market conditions, Aneo does not intend to, as a result of the implementation of the Offer, make any material changes for management and employees (including terms of employment) or for the employment and operations on the locations where Scandinavian Biogas conducts business. The implementation of the Offer is not expected to involve any material changes for the management or employees of Aneo.” The Board of Directors assumes that this statement is correct and has in relevant aspects no reason to have any other perception.
The Board of Directors’ statement on the Offer
The Board of Directors has evaluated the Offer in accordance with the Takeover Rules. The Board of Directors’ statement is based on an overall assessment of a number of factors which the Board of Directors considered to be relevant when evaluating the Offer. These factors include, but are not limited to, Scandinavian Biogas’ current position, the development of the share price, the possible future development of Scandinavian Biogas and associated opportunities and risks. The Board of Directors has also evaluated the Offer in relation to comparable listed companies and comparable transactions, premiums in previous public offers, the stock market’s expectations regarding the development of the Company and the Board of Directors’ view of Scandinavian Biogas’ long-term value based on expected future cash flows.
As a part of the Board of Directors’ assessment of the Offer, the Board of Directors has engaged ABG Sundal Collier AB (“ABG Sundal Collier”) to provide an opinion regarding the Offer (so-called fairness opinion). According to ABG Sundal Collier’s opinion, which is attached to this press release, it is stated that ABG Sundal Collier believes that the Offer cannot be considered reasonable from a financial perspective for the shareholder.
After carrying out the above evaluation, the Board of Directors asses that the terms and conditions of the Offer do not reflect the long-term growth prospects of Scandinavian Biogas, also considering the identified risks of the business and the general market conditions.
Against this background, the Board of Directors unanimously recommends the shareholders in Scandinavian Biogas not to accept the Offer made by Aneo.
The Board of Directors also wishes to inform that members of the Board of Directors who directly or indirectly hold shares in the Company do not intend to accept the Offer in respect of their own holdings.
The Board of Directors, however, finds it positive that Aneo has shown an interest in an increased ownership in the Company, and that they have a will to contribute to the Company’s continued development through its industry experience and other resources.
The Board of Directors has engaged Cirio Advokatbyrå as legal advisor in relation to the Offer.
This statement shall be governed by and construed in accordance with Swedish law. Any dispute arising from this statement shall be settled exclusively by Swedish courts.
 The board member Håkon Welde is Head of M&A and Corporate Ownership at Aneo. Due to conflict of interest, Håkon Welde does not participate in the Board of Directors’ processing of or resolutions on matters related to the Offer. Håkon Welde does not submit or participate in the Offer.
This disclosure contains information that Scandinavian Biogas Fuels International AB (publ) is obliged to make public pursuant to the Takeover-rules. The information was submitted for publication, through the agency of the contact person, on 01-12-2022 13:20 CET.
For further information, please contact:
Anders Bengtsson, the Board of Directors’ chairman
Mobile +46 (0) 70 557 13 00
E mail anders.bengtsson(at)btabinvest.se
Scandinavian Biogas is a leading Nordic producer of biogas for vehicle fuel and fertilizer. Biogas is CO2-neutral and made from sewage and household, agriculture as well as industrial organic waste. Today Scandinavian Biogas has facilities in Sweden, Norway and Korea. In 2021, the company delivered 366 GWh of energy. Scandinavian Biogas has 100 employees and total net sales of SEK 394 million in 2021. The head office is located in Stockholm and the company is listed on Nasdaq First North. Certified advisor is Erik Penser Bank AB, telephone: +46 (0) 8-463 80 00, certifiedadviser(at)penser.se. www.scandinavianbiogas.com
Statement by the Board of Directors of Scandinavian Biogas in relation to Aneo Renewables’ mandatory offer
Comment from the Board of Directors of Scandinavian Biogas Fuels International AB (publ) about the mandatory tender offer from Aneo Renewables Holding AS
Scandinavian Biogas signs a multi-year agreement worth approximately SEK 300 million for the supply of liquid biogas to the transport sector in the Nordic region
Scandinavian Biogas Fuels International AB (publ) announces extended payment period in ongoing directed share issue following Aneo’s customary notification to the Norwegian Competition Authority
Report from the Extraordinary General Meeting of Scandinavian Biogas Fuels International AB (publ)
Q3:Strategically strengthened market position and financial position, SEK 326 million in directed new share issue
Invitation to the presentation of Scandinavian Biogas’ third quarter
NOTICE OF EXTRAORDINARY GENERAL MEETING IN SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB (PUBL)
Scandinavian Biogas has decided to carry out a directed share issue of SEK 326 million, subject to subsequent approval by the extraordinary general meeting
Scandinavian Biogas explores the conditions to carry out a directed share issue of approximately SEK 320 million
Q2: Comprehensive agreement for 1 TWh bio-LNG with Alternoil signed, order value of SEK 2.7 billion
Scandinavian Biogas updates financial targets for 2024 and confirms accelerated capacity expansion to reach 3 TWh by 2030
Scandinavian Biogas´report for the second quarter and invitation to a digital conference on the 20[th] of July, 2022
Scandinavian Biogas receives SEK 154 million in investment support from Klimatklivet to build biogas plant in Örkelljunga
Scandinavian Biogas announces SEK 2.7 billion Bio-LNG delivery agreement with leading German LNG distributor Alternoil
Areas of use where biogas is the most sustainable alternative
Bio-LNG production increases yearly over 70 percent in Europe
Report from the Annual General Meeting of Scandinavian Biogas Fuels International AB (publ)
Q1: Weak result but expected significant price premium with Bio-LNG
Scandinavian Biogas´ report for the first quarter and invitation to a digital conference on the 28[th] of April, 2022
Scandinavian Biogas’ profitability during the first quarter of 2022 is significantly lower than planned
Scandinavian Biogas Fuels International (publ) publishes annual report for 2021
Scandinavian Biogas Fuels International (publ) strengthens Group management
Notice of Annual General Meeting in Scandinavian Biogas Fuels International AB (Publ)
Year end report 2021 Scandinavian Biogas. New long-term target for 2030, 3 TWh biogas production, mainly Bio-LNG
Scandinavian Biogas defines long term target for 2030 – 3 TWh biogas production, mainly Bio-LNG
Scandinavian Biogas´report for the fourth quarter and invitation to a digital conference on the 17[th] of February, 2022
Scandinavian Biogas strengthens the organization to meet growing demand for liquefied biogas
Scandinavian Biogas invests 300 miljon SEK in northern Europes largest plant for Bio-LNG
Scandinavian Biogas receives SEK 154 million in investment support from Klimatklivet to build biogas plant in Mönsterås
Q3: EU and Sweden make long-term investment in biogas in the transition to a circular economy
Scandinavian Biogas extends agreement with Dutch gas station chain Rolande
Scandinavian Biogas’ report for the third quarter and invitation to a conference meeting on October 29
Implementation of the growth plan continues – SEK 700 M green bond issued
Scandinavian Biogas’ report for the second quarter and invitation to a conference meeting on July 23
Correction: Scandinavian Biogas announces publication of bond prospectus
Scandinavian Biogas announces publication of bond prospectus
Scandinavian Biogas successfully placed SEK 700 m green bonds
The Board appoints members to Audit Committee and Renumeration Committee
Report from the Annual General Meeting of Scandinavian Biogas
Implementation of the growth plan is progressing, Klimatklivet has awarded the Group investment grants of SEK 135 million in Sweden, and the Skogn II project in Norway is launched
Scandinavian Biogas is investing NOK 170 million in the expansion of a facility for liquid biogas in Norwegian Skogn
Scandinavian Biogas evaluates debt financing options
Scandinavian Biogas invites to the AGM presentation and quarterly report presentation on April 29
Scandinavian Biogas has published Annual and Sustainability Report for 2020
Notice of Annual General Meeting in Scandinavian Biogas Fuels International AB (publ)
Scandinavian Biogas’ Nomination Committee proposes Anders Bengtsson as new Chair and new members of the Board
Scandinavian Biogas receives SEK 135 million in investment grants from Klimatklivet
Scandinavian Biogas Fuels International AB (publ) Year-end report for the period 1 January – 31 December 2020
Scandinavian Biogas’ report for the fourth quarter and invitation to a conference call on February 18[th]
About Scandinavian Biogas
Direct Studios interviews CEO Matti Vikkula on the ongoing directed share issue
Presentation directed share issue, 2022-10-06
PPT, Anders Bengtsson Chairman and Matti Vikkula CEO»
Bio-LNG delivery agreement with German LNG distributor Alternoil
PPT, Matti Vikkula, CEO and Jürgen Muhle, Chairman of Avanca Group»
Speech from Scandinavian Biogas’ Chairman of the Board
Latest uploaded reports
10월 27, 2022
Interim report July-Sept, 2022
Quarterly reports and year end reports