Alteo acquiring 75% stake in FE Group

Green Energy

Listed alternative energy company Alteo yesterday said it agreed to acquire a 75.1% stake FE-Group, active in the industrial, municipal and household waste management markets, according to an announcement on the website of the Budapest Stock Exchange.

FE-Group had a turnover of more than HUF 3 billion last year. The acquisition is aligned with Alteo's strategy to boost its role in the circular and sustainable economy.

Alteo will take over the stake in one month after contract conditions have been met.

The Blue Planet Foundation will hold 24.9% of the company. 

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