OSLO, Norway, Oct. 16, 2025 /PRNewswire/ -- Agilyx ASA (OSE: AGLX) (OTCQX: AGXXF) (ISIN:NO0010872468) (WKN: A2QGQ) ("Agilyx" or the "Company") references the announcement made by the Company on July 17, 2025 regarding a binding and fully financed agreement to acquire 44% of GreenDot Global S.à r.l. ("GreenDot"), a transformative investment that significantly strengthens Agilyx's presence in the European market, creating a global platform for sourcing and supplying feedstock to the advanced recycling industry, and announces that the transaction has been completed.
Following approval at the Extraordinary General Meeting held on October 3rd 2025, all conditions for the closing of the GreenDot transaction were satisfied. Closing took place on October 15th 2025, at which time and after a capital increase in GreenDot, Agilyx owns approximately 44% of all issued shares in GreenDot, a pan-European circular recycling platform for waste plastic feedstock. The acquisition transaction included Agilyx contributing EUR 7m to a EUR 27m investment round into GreenDot.
GreenDot is working towards expanding its reach in the mechanical recycling sector while continuing to advance contracts to supply advanced recycling feedstock and remaining focused on the growth of its profitable core business in Germany's plastic recycling market -- a business on track to generate circa EUR 400m in 2025 sales. In September, GreenDot was awarded a 10-year feedstock supply contract from a third-party advanced recycling facility, representing 20,000-34,000 tons per annum. The company has also entered into an agreement to purchase a mechanical recycling facility in Italy, which specializes in bottle-to-bottle recycling and the production of pipes from recycled material.
Agilyx CEO Ranjeet Bhatia commented, "We are pleased to reach completion on the GreenDot investment. We have a tremendous opportunity to rapidly build the leading pan-European plastic recycling platform and are very much looking forward to working with our new GreenDot colleagues and shareholders to achieve our goals."
GreenDot CEO Laurent Auguste comments, "We are very glad to welcome Agilyx as a new GreenDot shareholder. This new capital injection will support our facility expansion in Germany, Austria, and Italy, further propelling GreenDot's commitment to scaling the European circular economy of plastic. The synergies between two market leaders that this investment creates strengthen our ability to act as a preferred partner of global brands and actors in the plastic packaging value chain."
Inquiries: investors@agilyx.com
Learn more at: www.agilyx.com
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Agilyx investment transaction in GreenDot completed OSLO, Norway - October 16th, 2025 - Agilyx ASA (OSE: AGLX: OTCQX: AGXXF: ISIN:NO0010872468: WKN: News Powered by Cision
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SOURCE Agilyx
(END) Dow Jones Newswires
October 16, 2025 08:49 ET (12:49 GMT)