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Companies in the timber industry / Daily News / Global Trends / Wood pellets / Wood Products / Europe / Global / North America
August 23, 2021

US Investment fund to acquire majority stake in Europe’s largest wood pellet producer

US Investment fund to acquire majority stake in Europe’s largest wood pellet producer
Apollo Global Management, Inc. announced that funds managed by its affiliates have agreed to acquire a majority stake in AS Graanul Invest, the largest producer of sustainable wood pellets in Europe – and one of the largest producers globally.    The transaction, which is expected to close later in 2021, is subject to antitrust and regulatory approvals and other customary closing conditions.    Graanul Invest is Europe's largest producer of wood pellets and is active in the production of bioenergy and renewable energy, forestry and the development of biomaterials.  "Apollo will have ...

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