OF NEW INVESTMENT
ALTEO Energiaszolgáltató Nyilvánosan Működő Részvénytársaság (Principal office: 1033
Budapest, Kórház utca 6-12., Incorporation No.: Cg.01-10-045985; hereinafter referred to as ALTEO” or “Company”) hereby complies with the statutory obligation to provide extraordinary information as required by Article 55 of Act CXX of 2001 on Capital Markets and Article 1,24 of Appendix 4 of Decree No. 24/2008. (VIII. 15.) of the Minister of Finance.
ALTEO as buyer, has concluded a share purchase agreement for the acquisition of the registered capital representing the 75.1% of the business interest in FE-GROUP INVEST Zrt. (Principal office: 1108 Budapest, Sírkert utca 2-4.; Incorporation No.: Cg. 01-10-043873; hereinafter referred to as “Target Company”) amounting to one billion million forints (HUF 1,000,000,000) from individual, as sellers.
The execution of the share purchase agreement is the first step of the transaction. The ownership of the business interest in the Target Company will probably be transferred in one month to ALTEO after the conditions specified in the contract have been fulfilled.
The 24.9% of shareholder will be the Kék Bolygó Klímavédelmi Kockázati Tőkealap (“Blue Planet Foundation”).
The Target Company, beyond the recycling of paper, metal and electronic waste, operates complex waste management services, its turnover in 2021 was more than HUF 3 billion. The Target Company has been active in waste processing since 1994, hence it has all-round experience in industrial, municipal and household submarkets.
The acquisition is closely aligned to ALTEO’s strategy published in 2022 January in which the purpose is to increase its role in the circular and sustainable economy.
ALTEO will provide up-to-date information of all relevant aspects legally required of the transaction to the honoured Investors.
Budapest, July 27, 2022.
Disclaimer: All information contained within this article is for information purposes only, and shall not be considered an official translation of the official communication referred to herein. This document does not include the integral wording of the official communication referred to herein, the original Hungarian language version of it remains to be the solely legally binding material in the subject matter. For further information, please do not hesitate to contact us.
ALTEO Energiaszolgáltató Nyrt. ⎢ 1131 Budapest, Babér u. 1-5.
Phone: +36 1 236 8050 ⎢ Fax: +36 1 236 8051 ⎢ Email: email@example.com
Nyilvántartja: Fővárosi Törvényszék, mint Cégbíróság ⎢ Cg. 01-10-045985