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US firm acquires majority stake in Petrotec for $21m

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(D, US) – German biodiesel producer Petrotec AG has a new majority owner. The Israeli company IC Green Energy Ltd. (ICG), which invested in the firm in 2008, agreed to sell its majority stake to a subsidiary of US-based Renewable Energy Group (REG), the companies said in December. The transaction was expected to ...

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Article topics
Mergers and acquisitions
Biowaste
Article categories
Business
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