November 12, 2012 - Investment of €15m in City Bin Co to create 35 jobs – The Irish Times

Middle-East-based Averda is investing €15 million in Irish group the City Bin Co in a move that will create 35 new jobs.Galway-based City Bin Co announced that Averda, a waste management business with operations across the Middle East, was investing €15 million to take a majority stake in the Irish company. The move will result in an expansion of City Bin Co’s operations, and as a result it plans to hire 35 new staff.

 


The deal is Averda’s first foray outside the Middle East. Over the longer term it plans to expand into Europe using the Republic as a base. Averda has operations in Lebanon, Morocco, Oman, Qatar, Saudi Arabia, the United Arab Emirates and others.

 

Investment of €15m in City Bin Co to create 35 jobs .pdf