Business
Agilyx ASA increases shareholding in GreenDot Global to over 50%
Agilyx ASA (OSE: AGLX) (OTCQX: AGXXF) (ISIN: NO0010872468) (WKN: A2QGQ) ("Agilyx" or the "Company") has entered into an agreement to raise its ownership in GreenDot Global S.à.r.l. ("GreenDot"), a prominent European platform for sourcing, sorting, and supplying plastic waste for recycling, to 50.1%.
About this update from Agilyx Asa
[{"type":"text","content":"OSLO, Norway, April 20, 2026 /PRNewswire/ -- Agilyx ASA (OSE: AGLX) (OTCQX: AGXXF) (ISIN: NO0010872468) (WKN: A2QGQ) ("Agilyx" or the "Company") has entered into an agreement to raise its ownership in GreenDot Global S.à.r.l. ("GreenDot"), a prominent European platform for sourcing, sorting, and supplying plastic waste for recycling, to 50.1%.","length":375,"tagName":"p"},{"type":"text","content":"Agilyx will meet the requirements to fully consolidate GreenDot's financial statements, and upon closing of the transaction, will begin consolidation accounting. GreenDot is expected to generate approximately EUR 375 million in revenue and over EUR 22 million in EBITDA in 2026.","length":282,"tagName":"p"},{"type":"text","content":"Under the agreement, Lafor and Agilyx will jointly acquire all shares in GreenDot currently held by Circular Resources (19.1%). Following the transaction, Agilyx's shareholding will increase from 46% to 50.1%, while Lafor's shareholding will increase from 34.9% to 49.9%. Agilyx CEO Ranjeet Bhatia will serve as Chairman of GreenDot.","length":341,"tagName":"p"},{"type":"text","content":"To finance the acquisition of the additional 4.1% shareholding, Agilyx has arranged a EUR 4.7 million share purchase financing facility. This facility carries a 7% interest rate and an expected duration of about six months, providing full funding for the purchase without near-term cash impact on Agilyx.","length":304,"tagName":"p"},{"type":"text","content":"Peter Norris, Chair of the Agilyx Board, commented, "Lafor has been a valuable partner at GreenDot, and we're excited to continue working together to build the EU's leading waste plastic recycling platform. Consolidating GreenDot's accounts will provide our shareholders better financial transparency and strengthen our partnership."","length":355,"tagName":"p"},{"type":"text","content":"The transaction has received the required support of 2/3rds of the voting bonds under Agilyx's EUR 40,000,000 Subordinated Convertible Bonds 2025/2028. Dispatch of the written resolution and completion of the transaction is expected today. This announcement is subject to disclosure requirements under Section 5-12 of the Norwegian Securities Trading Act.","length":359,"tagName":"p"},{"type":"text","content":"About Agilyx","len...