DGAP-News

BIOPETROL INDUSTRIES AG: Acquisition of Dutch Biodiesel BV

BIOPETROL INDUSTRIES AG  / Key word(s): Acquisition

24.11.2010 07:44

Dissemination of a Corporate News, transmitted by DGAP - a company of
EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

---

BIOPETROL INDUSTRIES AG: Acquisition of Dutch Biodiesel BV

- Dutch Biodiesel has a flexible 250,000 t/a biodiesel production facility
in Rotterdam, using multiple feedstocks

- Combined business creates one of the largest biodiesel producers in
Europe

- Acquisition will further strengthen BIOPETROL´s position across the
European market

Baar, 24 November 2010: The management of BIOPETROL INDUSTRIES AG has
signed an agreement to acquire the entire issued share capital of Dutch
Biodiesel BV. Existing shareholders in Dutch Biodiesel will receive
27,082,855 BIOPETROL shares out of a capital increase in exchange for their
holdings. The transaction is subject to shareholder approval and the
customary closing conditions being satisfied by BIOPETROL and Dutch
Biodiesel shareholders. Dutch Biodiesel shares are held by Glencore (60%)
and Argos Groep BV (40%). Following the satisfaction of these conditions,
it is anticipated that the transaction will close before the end of
December 2010.

To underline their commitment, Argos and Glencore combined will buy
additionally 7,433,499 existing shares of BIOPETROL INDUSTRIES AG from
previous majority shareholders.

As a part of the transaction, BIOPETROL will transfer current operations
from Dutch Biodiesel to existing BIOPETROL sites in Rotterdam. These
actions will create opportunities for improved logistics and operational
synergies, providing enhanced services to customers. The combined future
use of all sites will continue to be evaluated.

A formal invitation to an extra-ordinary meeting of the shareholders of
BIOPETROL will be published in the coming days. The new shareholder
structure and combined company profile of BIOPETROL will be placed on the
company´s website www.biopetrol-ind.com after the acquisition and the
registration of the capital increase.

About BIOPETROL:
With its German, Dutch and Swiss subsidiaries, BIOPETROL INDUSTRIES AG,
which has its head office in Baar (Switzerland), produces and sells
biodiesel and pharmaceutical-grade glycerine of the highest quality. Among
our customers are the oil industry and oil traders, large-scale fleet
operators, public short-distance transport, as well as the agricultural and
construction industries. The pharmaceuticals and cosmetics industries are
in addition supplied with glycerine of pharmaceutical quality. BIOPETROL
INDUSTRIES AG has annual production capacities in Schwarzheide, Rostock and