US EditionTowerbrook explores sale of Austrocel bio-refinery
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According to Bloomberg, owners could acquire up to 500 million euros. A new product seems to have aroused the interest of investors. The organic gel is intended to reduce the demand for water in agriculture.
Towerbrook explores sale of Austrocel bio-refinery
TowerBrook Capital Partners, the New York-based private equity firm with $19bn in AUM, is exploring a sale of Austrocel Hallein GmbH, a bio-refinery based in Austria, as interest builds from strategic and sovereign investors in climate-aligned industrial assets, according to a report by Bloomberg. Austrocel, which converts waste wood into bioethanol and specialty biopolymers, has attracted preliminary interest from European industrial groups and…
The Halleiner company AustroCel could be sold: According to the financial agency Bloomberg, the pulp producer could be sold by up to 500 million euros.
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