Global law firm Dentons has advised Pyrum Innovations AG on its dual listing on the Frankfurt Stock Exchange. Pyrum is now listed in the stock exchange’s “Scale” segment, which offers small and midsized companies access to investors and equity financing. Today’s German listing follows Pyrum’s listing in the Euronext Growth segment of the Oslo Stock Exchange in September 2021.
The dual listing was accompanied by ICF Bank.
Founded in 2007, Pyrum quickly developed into a pioneering company in the GreenTech sector. It is based in Dillingen, Saarland, Germany and sustainably recycles old tires with its innovative pyrolysis technology. The company develops, builds, and operates plants that recover high-quality raw materials such as oil, gas and coke from used tires, rubber and plastic waste, which are then fed back into the materials cycle. The process is energy-autonomous and saves a large proportion of the CO2 emissions normally produced during the disposal of used tires. In addition, the GreenTech company is researching on new input materials as well as on new raw materials to be produced. BASF has held a stake in Pyrum Innovations AG since September 2020 and guarantees the purchase of the thermolysis oil produced by Pyrum and its contractors.
“We are proud to have had the opportunity to accompany Pyrum in this important step in its growth strategy. Following its private placement on Euronext Growth in Oslo last year, its listing on the Deutsche Börse will expand the company’s access to the international capital markets. Pyrum’s business model exemplifies innovation in ESG, and the company is a pioneer in forming partnerships with leading manufacturers in the automotive industry,” commented Robert Michels, lead partner.
A Dentons team from Frankfurt provided full legal advice to Pyrum on the dual listing and accompanying stock corporation law issues. The team also supported the company, together with Norwegian law firm Advokatfirmaet Selmer AS, in its private placement of shares in the Euronext Growth segment of the Oslo Stock Exchange (OSE) back in September 2021.
Advisors to Pyrum Innovations AG:
Dentons (Frankfurt): Robert Michels (Partner, lead, Capital Markets), Dr. Robert Weber (Partner, Corporate), Valeria Hoffmann (Counsel), Nadja Reiß (Associate, both Capital Markets), Greta Gauch (Associate, Corporate), Cedine Benson (Trainee).
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