PATRIZIA to acquire a majority stake in Biomet from Ankorgaz for €75m.

PATRIZIA, a long-term investor, agreed to acquire a majority stake in Biomet, a bio-Liquified Natural Gas producer, from Ankorgaz for €75m. “Biomet has the ability to lead the way in this sector, being both optimally located and vertically integrated along the entire value chain - from biomethane production from waste, to upgrading, to liquefaction/bio-LNG production and sales at a nearby filling station. Our partnership with PATRIZIA Infrastructure announced today is an important milestone, supporting us on our journey to positioning Biomet as a leading player in the Italian biogas market,” Antonio Barani, Biomet CEO.