Macfarlanes advises Tulip Oil Holding on sale of stake in Rhein Petroleum to Beacon Energy

16 December 2022

Macfarlanes has advised Tulip Oil Holding B.V. 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 will receive shares in Beacon Energy in consideration for its stake in Rhein Petroleum, and will also participate in the intended placing of Beacon Energy, such that Tulip Oil is expected to hold approximately 37% of Beacon Energy at completion.

The Macfarlanes team was led by corporate and M&A partner Harry Coghill and senior counsel Max Mittasch alongside associate Cassandra Triandos.  The team also included tax partner Jeremy Moncrieff and associate Luca Parrott.