Chinese company acquires Novago for €118 million

China Everbright International Limited has taken over Novago, a Polish leader of waste management, for €123 million, the Chinese company informed. "The price of the transaction amounted to €118 million for the stake and €5 million for the land bank," a statement read. The company said that the acquisition of Novago is the company's biggest breakthrough transaction in the environmental sector in CEE. "The takeover will serve as an important platform for the international development of Everbright International and its future expansion in CEE," said Chen Xiaoping, CEO of Everbright.