Aventine seeks new investors for recap or sale

In Illinois, Aventine Renewable Energy announced today that, in addition to the parties that have already shown an expression of interest, it is now publicly soliciting other potential investor interest in support of a recapitalization or sale of its business.

The Company has set a deadline of June 17 for submissions of such interest. Aventine and its subsidiaries voluntarily filed to reorganize under Chapter 11 of the U.S.Bankruptcy code on April 7, 2009 in order to facilitate a restructuring of the Company’s debts.

A complete list of the filing entities and other information related to the Chapter 11 cases can be found through a link on the Company’s website.

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