TGS Baltic advised S.A. Elemental Holding in the sale of 49% of shares in EMP Recycling to Foreign Expansion Fund, Closed-End Investment Fund of Non-Public Assets (FEZ FIZAN), which is managed by asset management company PFR TFI S.A.
The Foreign Expansion Fund was established in order to help Polish companies to invest in foreign projects. The Fund provides co-financing for foreign subsidiaries belonging to Polish companies.
EMP Recycling is among the leaders in the Lithuanian market of recycling of waste electrical and electronic equipment, catalytic converters as well as noble and non-ferrous metals. It is controlled by Elemental Holding, a leading Polish group operating globally in the recycling and recyclable material trading industry. Elemental Holding SA shares are listed on the regulated WSE market.
