Enviro increases ownership stake in joint venture with Antin and Michelin
Scandinavian Enviro Systems (Enviro) currently has an ownership stake of 8.78 percent in the joint venture that the company formed together with Antin Infrastructure Partners’ NextGen platform and which is supported by Michelin. Enviro's share of ownership will shift as the joint venture company is capitalized, Enviro is compensated for the achievement of certain milestones and depending on when Enviro exercises its option to buy into the company.