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BIOPETROL INDUSTRIES AG Baarerstraße 53 / 55 6304 Zug, Switzerland http://www.biopetrol-ind.com
Contact Mr Gerd Rückel +49 69 577030031
Company logo of BIOPETROL INDUSTRIES AG
BIOPETROL INDUSTRIES AG

BIOPETROL: Glencore takes majority shareholding

(PresseBox) (Zug, )
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- Sustainable improvement to BIOPETROL's market position in Europe
- Strategic partner takes 50% plus one share in a first step
- Extra economies of scale and extended value chain
- Full production capacity utilization targeted in midterm

Glencore, one of the world's largest suppliers of commodities and raw materials to industrial consumers, has taken a majority stake in BIOPETROL INDUSTRIES AG through the acquisition of 50% plus one share. The shares were acquired from the previous majority shareholders. In addition Glencore has the option to increase its holding to a two thirds majority. The details of the contractual agreements and the
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.