Investment Fund Generation Acquires 50% Stake in Dekel Infrastructures
Overview of the Acquisition
Investment fund Generation has announced the acquisition of a 50% stake in Dekel Infrastructures from the Yakobi Group for a company valuation of 490 million shekels. This strategic move marks a significant step towards strengthening Generation’s presence in the waste management sector.
Dekel Infrastructures’ Operations
Dekel Infrastructures operates facilities for sorting, treating, and recycling waste in Jerusalem and at the Hiriya site. This acquisition will allow Generation to consolidate its waste management activities into a newly formed company named BlueGen Waste Management, which will encompass all its assets currently distributed across three different divisions.
Future Investment Plans
The acquisition is the first step towards a future investment by Leumi Partners in the newly established company, projected to be valued at 1.1 billion shekels. This investment is expected to further bolster the infrastructure and efficiency of waste management operations in the region.
Conclusion
With this acquisition, Generation aims to not only enhance its operational capabilities in waste management but also create a more streamlined approach to its sustainability efforts in accordance with modern environmental standards. This strategic partnership with the Yakobi Group is anticipated to yield positive outcomes for both companies as they navigate the evolving landscape of waste treatment and recycling.
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Investment fund Generation acquires a 50% stake in Dekel Infrastructures for 490 million shekels, marking a strategic expansion into waste management and paving the way for a future investment by Leumi Partners valued at 1.1 billion shekels.
Tags:
Investment, Infrastructure, Waste Management, Acquisition, Generation, Dekel Infrastructures, Leumi Partners, Sustainability, Recycling, Environmental Standards.