EBRD, Global Finance close EUR 23.5 mln investment in Romanian Green Group

The European Bank for Reconstruction and Development (EBRD) and Global Finance recently closed the EUR 23.5 million investment in Romcarbon Buzau's Green Group, according to Biris Goran, the law firm that assisted Romcarbon in the deal. The EBRD and the Global Finance fund will together invest in Green Group which is, among others, building the first integrated recycling park in Romania. This recycling park will include four subdivisions responsible for collecting and recycling plastic, electric and electronic waste, as well as fluorescent lamps. “Romania now has the opportunity to boost its sustainable development for a greener and safer future. We plan to make Romania a benchmark for South-Eastern European collection and recycling standards,” said Clement Hung, CEO of the Green Group. Romcarbon SA’s financial advisor was MVO Capital. editor@romania-insider.com