The agreement is only subject to clearance under the German Foreign Trade and Payments Ordinance. The transaction is expected to close end of February 2016.
The equity purchase price amounts to Euro 1,438 million and the transaction represents the largest Chinese direct investment in a German company to date.
EQT Infrastructure II acquired a 51% stake in EEW in March 2013 and purchased the remaining 49% from EON in April 2015.
Source: EQT Infrastructure II
Ecomondo 2026 will take place from 3 to 6 November at the Rimini Expo Centre in Italy. The 29th edition of the event will focus on the circular economy, resource management, environmental technologies and industrial sustainability.
Finnish foundry sand reclamation specialist Resand has increased its equipment financing facility with Norion Bank from €14.5 million to €25 million, supporting new customer agreements and international expansion.
Technical issues with DIWASS are causing operational disruptions because market participants are unable to submit notification requests for exports to Turkey and other third countries. The European Waste Management Association (FEAD) has now issued a statement referencing feedback from the European Commission.
The foundational technical standards for the digital product passport (DPP) are in place. At the international conference DPP4EU 2026 (June 1-3, Brussels), experts are presenting the newly published European standards to a broad industry audience and discussing concrete steps toward implementation.
BIR's leaders made prominent contributions to the annual conference of the Metal Recycling Association of India (MRAI), held last week in New Delhi. BIR President Ranjit Baxi and Director General Alexandre Delacoux were invited to add the international dimension by addressing this important gathering of around 800 business people involved in recycling.
Green Creative has developed a food waste depackaging machine that separates organic waste from its packaging without using water and without grinding. By removing the packaging from food residues, Flexidry recovers the fermentable fraction of waste that can be turned into biogas and fertilizer.
According to various british newspapers, hundreds of thousands of tonnes of recycling have incinerated or send to landfill sites - because councils claim it has not been sorted correctly.
