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.
About CleanR
CleanR is the leading municipal waste management company in Latvia with over 80 years of experience and a wide and innovative range of services. CleanR has received a Platinum award in the Sustainability Index, attesting that its risk and process management follows best practice. Also, CleanR has been recognized as a family-friendly company taking care of its employee well-being, and the company has acquired a Fleet Safety Award and a Green Excellence Award for its contribution to environmental protection. CleanR is part of CleanR Grupa, Latvia’s leading environmental services holding, whose subsidiary companies ensure the management of municipal and industrial waste, secondary sorting and recycling, urban services, commercial cleaning, etc. CleanR together with Zaļā josta have set up videspratiba.lv, an environmental education platform which provides practical and topical advice on proper waste sorting and a sustainable lifestyle. CleanR Grupa is a 100% Latvian capital company whose Founder and Chairman of the Council is Guntars Kokorevičs.