The Norwegian recycler Agilyx ASA has increased its stake in the parent company of the “Green Dot” (DSD) to 50.1 per cent.

All GreenDot shares currently held by Circular Resources (19.1 per cent) will be jointly acquired by Agilyx and GreenDot shareholder Lafor as part of an agreement, Agilyx announced. Following the transaction, Agilyx will hold a majority stake of 50.1 per cent in GreenDot, whilst Lafor’s stake will rise from 34.9 per cent to 49.9 per cent. The acquisition of the decisive 4.1 per cent stake reportedly cost around €4.7 million and was financed via short-term share purchase financing. Peter Norris, Chairman of the Agilyx Board, said: “Lafor is a valuable partner of GreenDot, and we look forward to continuing to work together to build the leading platform for plastic waste recycling in the EU. The consolidation of GreenDot’s financial statements will provide our shareholders with greater financial transparency and strengthen our partnership.” According to Agilyx, GreenDot expects revenue of around €375 million and earnings before interest, taxes, depreciation and amortisation (EBITDA) of more than €22 million for 2026. Agilyx CEO Ranjeet Bhatia (photo) is set to serve as Chairman of GreenDot. The partnership combines Agilyx’s chemical recycling technology with GreenDot’s collection and logistics platform in Germany.
 
Sources:

• Agilyx press release (20.42026)
• Photo: © Agilyx