Michał Sołowow invests in Bioelektra

Through a subsidiary Ustra, Polish billionaire, Michał Sołowow acquired a stake in recycling company Bioelektra,  a press release read. Puls Biznesu daily pointed out some details of the transaction. According to the daily, Sołowow has purchased some 45 percent of Bioelektra's holding. Recently, the recycling company rejected an offer to sell a 49 percent stake for €100 million, made by an equity investment fund. Bioelektra is a Polish company which invests in processing municipal waste and the complete recycling of reusable materials. It owns and applies RotoSTERIL technology to recycle and process municipal waste.