Gevo commences review of strategic alternatives

Gevo Inc., a US-based advanced biofuels company, has commenced a review of strategic alternatives and engaged Cowen & Company as a financial advisor to assist in the review.

Gevo’s board of directors and its advisor have established a process for outreach to, and engagement with, interested strategic and financial parties.

"After careful consideration, including discussions with a range of stakeholders, we believe it is an appropriate time to undertake a comprehensive review of the company's strategic and financial alternatives,” said Ruth I. Dreessen, Chairman of the board of directors of Gevo.

She added: “The board is thoroughly committed to exploring strategic and financial alternatives while simultaneously supporting management in the development of Gevo's technology and business. We believe that pursuing both of these paths is in the best interests of all of our stakeholders, including our stockholders, and is expected to maximise the value of Gevo.”