Global Bioenergies announced the postponement of the deadline for submitting preliminary asset takeover bids to 18 July at noon, to allow potential buyers to complete their reviews. Initially set for 9 July, this deadline was extended after two bids and three letters of intent were received through the office of Maître Joanna Rousselet, the judicial representative managing the case.
Procedure and timeline
The ongoing procedure, known as a pre-pack disposal (“pré-pack cession”), exclusively concerns the takeover of the company’s assets, not its shares. Following the completion of this operation, Global Bioenergies will enter liquidation, resulting in a total loss of value for shares listed under the identifier ALGBE. Although a share takeover remains theoretically possible, the company indicates that such an outcome is currently highly unlikely, with no ongoing discussions in this regard.
According to the provisional schedule provided by the company, the hearing before the Evry Commercial Court, during which definitive bids could be presented, is expected to take place in September or October 2025. This hearing will allow the court to potentially approve the final disposal of the company’s assets and determine its future operational course.
Economic context and debt
Marc Delcourt, co-founder and Chief Executive Officer of Global Bioenergies, reiterated in a statement the reasons leading to this situation. Despite a preliminary agreement signed in February 2025 with a major industrial partner whose identity remains undisclosed, the company failed to secure the necessary financing to continue its projects in the sustainable aviation fuel (SAF) sector. This difficulty in raising funds occurs amidst significant debt obligations for the company, estimated at €13 million.
The pre-pack disposal procedure, initiated one month ago, aims to ensure the operational continuity of Global Bioenergies’ activities while preserving as many related jobs as possible. However, Marc Delcourt highlighted that this procedure excludes any remuneration for current shareholders, who will lose the entirety of their investment.
Uncertain outlook for assets
The CEO expressed regret regarding the inability to effectively commercialise the technological solution developed by the company within the promising market of sustainable fuels. Nevertheless, he indicated hope that a potential takeover of the assets by new investors might allow continuation of the company’s original project, notably in the context of combating climate change.
This announcement comes at a time when other stakeholders could still manifest their interest by the new deadline, potentially increasing the number of offers for the company’s assets.
