Clifford Chance has advised Petrotec AG in connection with a takeover offer announced by REG European Holdings B.V. REG announced a voluntary takeover offer to the Petrotec shareholders on 9 December 2014 and the purchase of a 69% share package from the previous majority shareholder, IC Green Energy Ltd., Tel Aviv, Israel. REG European Holdings B.V. is a wholly-owned indirect subsidiary of Renewable Energy Group, Inc., Iowa, USA.

The Petrotec Group, based in Borken, Germany, is an industrial producer of biodiesel from waste products with revenues for 2013 of around EUR 193 million.

The Clifford Chance team was led by partner Dr. Thomas Stohlmeier and comprised counsel Dr. Christian Vogel and associates Dr. Philipp Heer and Dr. Jochen Buckel (all Corporate, Düsseldorf).