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BIC Securities acted as exclusive financial adviser to Eco Baltia, the largest waste management operator in the Baltics, and its shareholders in selling a minority stake to European Bank for Reconstruction and Development (EBRD)
24/08/2015

The European Bank for Reconstruction and Development (EBRD) is acquiring a minority stake in Eco Baltia JSC, a leading provider of waste treatment in Latvia and the Baltic states. The Bank’s investment of €10 million will be used to finance construction of a mechanical biological treatment plant for household waste.

The plant will be the first of its kind in the region, focusing on extraction of recyclable materials from household waste. In Latvia, nearly 90 per cent of municipal waste is being landfilled and the new plant will play an important role in strengthening an approach to waste management in line with recent European legislation.

Eco Baltia was set up in 2002 and operates in waste recovery, waste collection, polymer recycling and the sorting and trading of recyclables. It is the largest waste management operator in the Baltic region with strong growth potential due to a stable macroeconomic environment and growing awareness of environmental concerns.

BIC Securities acted as exclusive financial adviser to Eco Baltia and its shareholders.

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