EBRD invests €10m in Eco Baltia

Eco Baltia's fresh capital will be used to finance the construction of a mechanical biological treatment plant for household waste, which will extract recyclable materials from household refuse.

The investment is EBRD's first stand-alone deal in the Baltic region this year, though it joined a €6.5m series-A for Lithuanian public transport app Trafi led by Octopus Investments in May.

The Bank is also involved in the region through private equity funds, most recently backing Baltic-focused Livonia Partners' €70m maiden fund, which held a first close on 5 August.

Company
Eco Baltia is a Latvian waste recovery, waste collection, polymer recycling, and recyclables sorting and trading business founded in 2002.

The company is headquartered in Riga and operates across the Baltic countries.

People
Matti Hyyrynen is the EBRD head of office for the Baltic region. Māris Simanovičs is the chair of Eco Baltia's board.

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• Topics
• CEE
• Expansion
• Industrials
• Latvia
• EBRD