The European Bank for Reconstruction and Development (EBRD) has completed the acquisition of a 5.92% stake in biogas and biomass player Biotrend Cevre ve Enerji Yatirimlari (BIOEN) from parent company Doganlar Yatirim Holding for $20mn, Biotrend said on September 14.
In April, a 27.8% stake in Biotrend was offered in an initial public offering (IPO) for a consideration of Turkish lira (TRY) 750mn ($87mn). Later on, shareholders bought back a 6.6% stake.
Biotrend has 10 active biogas power plants and one active biomass plant.
Related Articles
INTERVIEW: Biomethane can make up Ukraine’s gas shortfall - Ukraine Bioenergy Association
Ukraine is rapidly developing its biomethane sector with ambitions to become a major European supplier. Georgii Geletukha, head of the board at the Bioenergy Association of Ukraine, told bne ... more
Poland’s Orlen signs deal to supply Ukraine with LNG
Ukraine’s Naftogaz will purchase 100mn cubic metres of LNG from Poland’s Orlen, Ukraine’s biggest state-owned energy firm announced on March 7. The LNG will be transported from cargoes ... more
OPEC+ continues with production plan despite Trump’s demands
OPEC+ has decided to continue with its current oil production plans after a review meeting on February 2 despite calls from US President Donald Trump to lower crude prices. According to a ... more