CleanR acquires 41.25% of SIA Ķilupe shares

To diversify and expand its range of environmental services offered in the regions, waste management company CleanR has acquired 41.25% of the Ķilupe shares, informs Valerijs Stankevičs, CleanR’s Chairman of the Board.

The transaction was carried out in two steps—first, CleanR acquired 10% of the Ķilupe stock in February this year, increasing its share in the company’s capital by 31.25% in May.

Ķilupe is a regional waste operator providing its services since 1988 and specializing in the provision of various environmental services, including the management of municipal waste and handling and sorting of building refuse. Its geographic areas of operation include Ogre municipality, Aizkraukle municipality, as well as the Riga and Pierīga area.

“The deal contributes to the company’s strategic aim to strengthen its regional presence and expand the range of environmental services offered in the regions while ensuring access to high-quality and sustainable services,” points out Valerijs Stankevičs.

The transaction forms part of the CleanR long-term strategy to diversify its range of services and ensure sustainable development. The value of the deal is confidential. By becoming a minority shareholder in Ķilupe, CleanR has not obtained ultimate authority over the decision-making, so Ķilupe remains an independent market player.