Fortenova signs sale and acquisition agreements with KHA Cetiri, Prosperus

Fortenova has entered into a definitive agreement with KHA četiri d.o.o., a Croatia-based hotel development company, to sell its 25% stake in KHA četiri to the same company. In a separate transaction, Fortenova has agreed to acquire a 26% stake in A.N.P. Energija, held by the open venture capital investment fund with private placement – Prosperus FGS, thus gaining a controlling stake in the firm A.N.P. Energija.

A.N.P. Energija d.o.o. is the sole owner of Energija Gradec, a company that operates five bio-fuel power plants in Slavonia and Central Croatia with an installed capacity of 9.8 MW, using biomass supplied by Fortenova Group’s agricultural companies to produce electricity from biogas.