Motor Oil has announced the acquisition of a 60% stake in ENACT, strengthening its presence in the Circular Economy.
As announced by the listed company, its subsidiary IREON INVESTMENTS LTD signed an agreement to acquire a 60% shareholding in ENACT S.A. The completion of the transaction is expected in 2026.
According to the announcement, this specific investment move forms part of the Motor Oil Group’s overall strategy to create shareholder value, with an emphasis on sustainable development and the diversification of its business portfolio through targeted acquisitions.
As a result of its penetration into the circular economy sector, the Motor Oil Group has developed a dynamic ecosystem that manages approximately one million tons of waste on an annual basis.
ENACT possesses specialized expertise in the removal, collection, transport, and temporary storage of waste, as well as the design and implementation of projects within the broader circular economy sector.
According to Motor Oil, through this acquisition, the Group expands its portfolio by adding high-value-added activities, thereby gaining the capability to convert waste into useful resources and energy.
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