PetStar Group secures €50 million financing for circular economy initiatives

Business Forum

1 July, 2025 at 9:20 AM

PetStar Group, a key player in PET bottle recycling and preform production operating under the "Bottle-to-Bottle" circular model, has finalized a €50 million credit facility agreement with UniCredit Bank.

The multi-tranche loan will primarily address working capital needs and facilitate the buyback of a minority equity stake from investment fund AMC Capital.

Mirela Drăgoi, CEO & Co-Founder of PetStar Group, said: "This funding provides a solid foundation for accelerating our development and consolidating our leadership in an increasingly competitive sector. PetStar is now equipped to scale operations, generate added value, and play a pivotal role in advancing a national objective: building a circular economy in PET recycling. We are also investing in cutting-edge technology that transforms waste into a valuable national resource.”

Legal counsel for the transaction was provided by Nestor Nestor Diculescu Kingston Petersen (NNDKP) for PetStar and Wolf Theiss for UniCredit Bank. PCF Investment Banking was the exclusive financial advisor.

Carmistin secures €500 million financing for food production investments

Carmistin The Food Company has secured financing of approximately €500 million to continue investments in agriculture and the food industry through a partnership with a bank syndicate.

Energy

Econergy secures €40.5 million financing for solar project in Oradea

Vlasceanu & Partners has advised Econergy on a €40.5 million project financing from UniCredit Bank for the development of an 87 MW photovoltaic project in Oradea, Romania.

Industry

Revolut names new head of Romanian branch

Florina Moisei has been named as the new Country Manager for its local branch, Revolut Bank UAB Vilnius Sucursala București.

Finance

Ministry of Finance launches eighth Fidelis bond offering of 2025

The Ministry of Finance is conducting its eighth public offering of Fidelis government bonds on the BVB, running between September 5 - 12.

Industry

Westlake Corporation acquires ACI/Perplastic Group, including Romanian plant

Westlake Corporation, a global manufacturer of innovative materials and products, has announced its agreement to acquire the global compounding.

Energy

DRI secures €60 million for new solar park in Romania

DRI, the EU renewables arm of DTEK, has secured a €60 million equivalent loan from UniCredit and Garanti BBVA to finance the construction of the Văcărești solar park in Romania.

Agriculture

Rodbun Grup secures €17 million financing for development

Rodbun Grup, a local agribusiness company, has secured a syndicated credit facility with a state guarantee, totaling €17.3 million, to back its working capital and development plans.