The company Biotera reported to the Agency for the Protection of Market Competition (AVK) the takeover of a 68% stake in company Panvita Ekoteh, local media reported.
The company collects various types of waste.
Organic, health-hazardous and non-hazardous waste and processing of waste edible oil. It employs about 90 people. Since 2019, the company has been owned by the Hungarian group Veolia. In 2022, Biotera increased revenues by eight percent, to EUR 9.7 million, while profit jumped by 54 percent, to EUR 1.43 million, according to business data.
Panvita Ekoteh was founded in 2004 and it manages biogas plants. It is part of the Panvita Group. As Delo announced, they found a strategic partner for biogas plants in Panvita. The company Panvita Ekoteh manages three biogas plants in Nemščak, Motvarjevci and Jezera.
The company entered the red in 2022 in a difficult business environment. Revenues fell by 21 percent to 4.2 million euros, resulting in a loss of 173,000 euros. The company was operating at a loss for the first time since its foundation. This is attributed to low support for the operation of electricity produced from biogas plants. Despite record waste processing, they failed to compensate for low electricity prices.
