Climate Protection Venture Capital Fund and Alteo Nyrt. as buyers, concluded a sales contract for the purchase of 100% of the property of FE-GROUP INVEST Zrt. Within the framework of the transaction, the Capital Fund acquired 24.9% of the Company’s shares, the remaining shares were owned by ALTEO Nyrt.
In addition to receiving and recycling paper, metal and electronic waste, the Company deals with complex waste management activities, and its sales revenue in 2021 exceeded HUF 3 billion. It has been active in the waste processing market since 1994, so it has sufficiently comprehensive and integrated experience in the large corporate and industrial, as well as partly in the residential and municipal sub-markets.
With the investment, Climate Protection Venture Capital Fund made its first investment in the circular economy focus area.