11-05-2024News

Well prepared listing: HEUKING guides WeGrow AG to Düsseldorf Stock Exchange

A HEUKING team led by Cologne-based Partner Dr. Thorsten Kuthe legally advised WeGrow AG comprehensively on its listing on the Open Market of Düsseldorf Stock Exchange and its corporate bond issue. The team’s long-term engagement included guiding WeGrow through a multi-year restructuring, a public share offering, and, ultimately, its successful listing and bond issue.

Headquartered in Tönisvorst, WeGrow AG is a timber producer with a unique specialization in cherry trees. The company achieved a significant breakthrough with its own cherry tree variety, NordMax21®, which enables sustainable cherry tree timber production in Germany. Operating through three core divisions – Plants (plant breeding and production), Timber Farming (sustainable timber production), and Timber Products (timber processing and trade) – WeGrow covers the entire value chain of sustainable cherry tree timber management. Known as one of the fastest-growing trees globally, the cherry tree allows WeGrow to provide an efficient, resource-conserving solution for timber management. Today, WeGrow supplies clients in 47 countries across five continents.

Counsel to WeGrow AG
HEUKING:

Dr. Thorsten Kuthe (Lead),
Anna Richter, LL.M. (Co-Lead),
Stefan Westerheide, LL.M. oec.,
Tatiana Vorotnitskaya, k.i.n.,
Magdalena Köster (all Capital Markets), all Cologne

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