Karlsruhe. Ahead of the creditors’ meeting on 12 October 2023 in Karlsruhe, EnBW Energie Baden-Württemberg AG has submitted a binding offer to finance the insolvency plan for the biomethane trader bmp greengas GmbH. Since 1 August 2023, the company has been involved in so-called insolvency proceedings under self-administration after an application for the initiation of protective umbrella proceedings was filed at the end of May.
“Today’s offer is designed to find a good solution for customers, employees and suppliers and will give the company the prospect of continuing as a going concern. This will also prevent further upheaval in the biomethane market, enabling it to continue to stabilize,” a spokesperson for the company explained.
As a subsidiary of Erdgas Südwest GmbH, bmp greengas GmbH is part of the EnBW Group. Due to an ongoing restructuring process, Erdgas Südwest GmbH is unable to submit its own takeover offer as the majority shareholder for bmp greengas GmbH.
The amount offered has not been made public due to the ongoing process and is set to be transparently put to all creditors for a vote at a further creditors’ meeting.