Stibbe advised Tulip Oil
Stibbe advised Tulip Oil on the sale of its 90% stake in German oil and gas company Rhein Petroleum GmbH to Beacon Energy plc.
Under the terms of the sale, Tulip Oil has received shares in Beacon Energy in consideration of its stake in Rhein Petroleum, and also participated in the placing of new shares in Beacon Energy. At completion, Tulip Oil shall hold approximately 37% of the shares in Beacon Energy.
In this transaction Stibbe worked closely with Macfarlanes in London.