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

Outcome of the war in Ukraine remains up in the air, but oil markets are pricing in a quick resolution

The range of outcomes following Russia’s invasion of Ukraine is impossibly large, but the oil markets are currently pricing in a short war, with oil prices returning to normal by the end of this ... more

WEBINAR & PODCAST: Natural gas burning bright – are sky-high gas prices the new norm?

Natural gas prices are at historical highs and breaking records on a nearly daily basis. Are sky-high prices here to stay? What is driving the surge? bne IntelliNews hosted three veterans of ... more

EDB wins Environmental Finance's 2021 IMPACT Award for street lighting in Kazakhstan

The Russia-led Eurasian Development Bank (EDB) has won the prestigious international Environmental Finance's 2021 IMPACT Award in the energy category for the Atyrau street ... more

Dismiss

Chat with usLiveChat