Verbio slumps on speculation over limits to biofuel in Germany

Verbio SE

29/04/2022 09:47

** Shares in German bioenergy company Verbio Vereinigte
Bioenergie  VBKG.DE  slump 14%, on track for worst day in over
two years, as traders point to speculations Germany may put
restrictions to biofuel production
    ** Bavarian newspaper Augsburger Allgemeine Zeitung reports
https://rb.gy/hogkzo Germany's environment minister Steffi Lemke
said she is in favour of using less grain and vegetable oil for
biofuel
    ** "Agricultural land is limited worldwide, and we urgently
need it for food, as the war in Ukraine is dramatically showing
us," the newspaper quoted her as saying
    ** "Not unexpected but Lemke comments weighs on names like
Verbio," a local trader says
    ** Verbio Vereinigte Bioenergie shares sit at the bottom of
Germany's smallcaps index  .SDAXI 
    ** The company raised its 2022 earnings forecasts on Friday
 urn:newsml:reuters.com:*:nASM0009NX

 (Reporting by Tristan Chabba)
 ((Tristan.chabba@thomsonreuters.com))