EBRD seals acquisition of 6% in Istanbul listed biogas company Biotrend

By bne IntelIiNews September 21, 2021

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.

Read in IntelliNews Pro

Get IntelliNews Pro

Related Articles

Germany's Kobil buys 50% in Turkey’s WesterOps cloud software firm

Germany-based Kobil GmbH, a data security technologies developer launched in 1986, has acquired a 50% stake in Turkey’s ... more

Turkish agri-fintech Tarfin sells TRY50mn of 310-day bills

Tarfin, a digital platform that provides Turkish farmers with inputs and credits, has sold Turkish lira (TRY) 50mn ... more

EBRD, JPMorgan team up to launch Istanbul advisory support for women entrepreneurs

The European Bank for Reconstruction and Development (EBRD) and JPMorgan have launched an advisory support programme in Istanbul that provides access to knowhow to selected women entrepreneurs in ... more

Dismiss

Chat with usLiveChat