After the recently announced acquisition of a 26% stake in A.N.P. Energija held by Prosperus FGS, Fortenova grupa has now agreed to acquire a further 39% stake in A.N.P. Energija owned by Inspire Investments d.o.o.
Fortenova stressed that following the transactions with Prosperus and Inspire, Fortenova grupa will effectively wholly own A.N.P. Energia via a direct 65% ownership along with a 35% stake in A.N.P. Energija that it already owns via its wholly-owned subsidiary Agrokor Energija d.o.o.
These two transactions will enable Fortenova Group to exit its non-core investments and unlock significant value for Fortenova Group’s Agriculture segment by fully consolidating the Energija Gradec biogas power generation business.
It should be noted that, A.N.P. Energija d.o.o. is the sole owner of Energija Gradec d.o.o., a company which operates five bio-fuel power plants in Slavonia and Central Croatia with an installed capacity of 9.8MW, using biomass supplied by Fortenova Group’s agricultural companies to produce electricity from biogas.
Prosperus-Invest and Inspire Investments are members of the Croatian Private Equity and Venture Capital Association (CVCA).