Hogan Lovells advises Pareto Securities AS in connection with private placement and listing of shares of Pyrum Innovations AG

Led by its partners Michael Schlitt (Frankfurt) and Nikolas Zirngibl (Munich), Hogan Lovells advised Pareto Securities AS in connection with a private placing and the listing of shares of Pyrum Innovations AG, Dillingen/Saar. 

Pyrum Innovations AG is an innovative recycling technology company based in Dillingen, Germany. Based on the worldwide patented thermal reactor and the European patented thermolysis process and apparatus, the company develops, builds, owns and operates recycling plants.  In the existing plant the company extracts raw materials of high quality from used tires and other rubber waste and feeds them back into the material cycle. The output obtained include i) thermolysis oil, for which Pyrum has received REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals) certification, ii) thermolysis carbon (so called recovered carbon black) and iii) thermolysis gas. These products serve as i) raw materials in certain applications in the industry, ii) a rubber-reinforcing additive used in a multitude of rubber products (e.g. tires) and iii) power and heat fed back to the recycling plant.  In addition, the company markets the thermolysis recycling plants worldwide and supplies them to its contractual partners. 

As part of the transaction, both new and existing shares of Pyrum Innovations AG were privately placed. The shares will be traded (in the form of so-called VSP shares) in the Euronext Growth Market of the Oslo Stock Exchange.

Hogan Lovells team for Pareto Securities AS

Prof Dr Michael Schlitt (Partner, team lead), Dr Nikolas Zirngibl (Partner, team lead), Dr Susanne Ries (Of Counsel, Frankfurt/Berlin), Kilian Pfahl (Associate, Munich) and Leon Lindemann (Associate, Frankfurt)

BAHR AS team for Pareto Securities SA (as regards Norwegian law)

Lars Knem Christie (Partner), Camilla Iversen (Senior Associate, both Oslo)

Pareto Securities SA (in-house): Joakim Forsberg

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