Elemental Holding acquires Gorenje Surovina
14:07
Polish electronic waste recycling company Elemental Holding has purchased a 69.32% stake in a Slovenian peer Gorenje Surovina, a unit of household appliances producer, for 69.32% of the enterprise value less net debt, the Polish Press Agency (PAP) reported.
The purchase price has been defined as 100% of the enterprise value of Gorenje Surovina and its subsidiaries equal to EUR 29.2 mln less net debt on the closing date of transaction, multiplied by 0.6932.
The price will be paid in three instalments, with the first, of €5 mln, payable upon the transation closing.
Elemental Holding is a Polish group operating in the recycling and recyclable material trading industry. It runs its operations using recycling facilities located in Poland and Lithuania as well as a net of scrap purchasers distributed all over Poland. The Holding mainly specialises in trading in and processing non-ferrous metals a as well as electronic circuits. The group is listed on the WSE main market.
