BEITEN BURKHARDT has advised REG European Holding B.V. (REG), having its business seat in Schiphol (The Netherlands), a subsidiary of the American Renewable Energy Group, Inc., on the acquisition of the shares in PETROTEC AG, held by the current majority shareholder IC Green Energy Ltd. (ICG), an Israeli company with business seat in Tel Aviv, which represent 69 percent of the company's share capital. Further, REG acquires the shareholder loans. Completion of the transaction is expected before the end of the year.

In exchange for the PETROTEC shares, ICG receives shares of Renewable Energy Group, Inc., the shareholder loans are acquired at nominal value. REG will submit a public takeover bid to the minority shareholders in accordance with the provisions of the German Securities Acquisition and Takeover Act.

BEITEN BURKHARDT has provided legal advice to REG during the SPA negotiations, the Due Diligence and the structuring of the transaction and continues to advise REG on the execution of the takeover.

Renewable Energy Group, Inc. is a leading North American manufacturer of biofuel and developer of renewable chemicals. With ten operating biorefineries throughout the country, R&D facilities and a diverse and constantly growing IP portfolio, REG is considered a long-term leading biofuels and chemicals group.

Adviser REG:
BEITEN BURKHARDT Munich: Dr. Dirk Tuttlies (in charge, Stock Corporation and Capital Market Law), Insa Cornelia Müller (in charge SPA, Mergers & Acquisitions), Dr. Stefan Fink (Real Estate Law), Dr. Stefan Lochner (Labour Law), Karin Lüdtke (Public Law), Laura van der Heide (IT/IP Law), Felix Burkhart (Capital Market Law)

BEITEN BURKHARDT Frankfurt: Rainer Süßmann (Stock Corporation and Capital Market Law)