Biofuels Corp - a takeover target for Biopetrol Industries?

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Since its dismal profit warning earlier in March, Biofuels Corp is recovering.And according to this article published yesterday, some brokers suspect that Biopetrol Industries may be looking to take over the company. Biopetrol unlike Biofuels Corp can point to some good corporate results - 2006 sales up approx. 46 % and Group profits up 78 %.

Well if this does happen, I suggest they name the new firm Biodiesel Industries AG. Calling yourself Biofuels or Biopetrol when your core business is biodiesel is just plain misleading.

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