July 19, 2024

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Equality opinion

Dentons advises Pyrum Innovations on dual listing on the German Stock Exchange

Worldwide law organization Dentons has encouraged Pyrum Innovations AG on its dual listing on the Frankfurt Stock Trade. Pyrum is now detailed in the stock exchange’s “Scale” section, which gives smaller and midsized organizations access to traders and equity financing. Today’s German listing follows Pyrum’s listing in the Euronext Development phase of the Oslo Inventory Trade in September 2021.

The twin listing was accompanied by ICF Financial institution.

Established in 2007, Pyrum promptly designed into a pioneering firm in the GreenTech sector. It is based mostly in Dillingen, Saarland, Germany and sustainably recycles old tires with its impressive pyrolysis technological innovation. The business develops, builds, and operates vegetation that get better substantial-high-quality uncooked elements this kind of as oil, fuel and coke from applied tires, rubber and plastic waste, which are then fed again into the supplies cycle. The procedure is electrical power-autonomous and saves a significant proportion of the CO2 emissions usually created through the disposal of employed tires. In addition, the GreenTech enterprise is investigating on new enter resources as effectively as on new uncooked elements to be produced. BASF has held a stake in Pyrum Innovations AG considering the fact that September 2020 and guarantees the invest in of the thermolysis oil created by Pyrum and its contractors.

“We are very pleased to have had the opportunity to accompany Pyrum in this significant stage in its development method.  Next its private placement on Euronext Growth in Oslo past calendar year, its listing on the Deutsche Börse will increase the company’s obtain to the global money markets. Pyrum’s company design exemplifies innovation in ESG, and the business is a pioneer in forming partnerships with foremost brands in the automotive market,” commented Robert Michels, lead associate.

A Dentons staff from Frankfurt provided complete legal assistance to Pyrum on the dual listing and accompanying stock company legislation concerns. The team also supported the company, alongside one another with Norwegian law firm Advokatfirmaet Selmer AS, in its personal placement of shares in the Euronext Expansion section of the Oslo Stock Exchange (OSE) back in September 2021.

Advisors to Pyrum Innovations AG:

Dentons (Frankfurt)Robert Michels (Spouse, lead, Money Marketplaces), Dr. Robert Weber (Companion, Company), Valeria Hoffmann (Counsel), Nadja Reiß (Associate, both equally Cash Marketplaces), Greta Gauch (Affiliate, Corporate), Cedine Benson (Trainee).