IFLR1000

China Everbright International €123 million acquisition of Novago

5/7/2016
Public acquisition
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€ 123 million

$ 137.314 million

Announced

5/7/2016

Overview:

  • China Everbright International (CEI) has acquired Polish waste management company Novago for €123 million from Abris Capital Partners.
  • Novago has six waste management sites in Poland, dealing in waste treatment and the production of energy.
  • The deal is though to be the largest single investment by a Chinese company in Poland to date.

Sam Duke - Editor

Jurisdiction:

Poland

Deal type:

Public acquisition

Practice areas:

Private equity
M&A

Governing law:

Poland

Industry sector:

Utilities

Firms:
CMS Cameron McKenna Nabarro Olswang Pośniak i Bejm

Party: China Everbright International Ltd (Acquirer)

Lawyer: Dariusz Greszta

Norton Rose Fulbright Dyczkowski and Partners, LP

Party: Abris Capital Partners (Seller)

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