Maj Invest takes 51% of Genan

Genan-Maj

Maj Invest has secured a 51% share of Genan according to its most recent announcement.

Genan Has a New Owner

Danish-based tyre recycler Genan has a new owner, Maj Invest, a Danish investment firm. Maj Invest has taken a 51 per cent share of the firm from its previous majority shareholder PKA pensions fund. PKA acquired Genan after a fraud case left the company in a parlous state, and the pensions investors at risk of losing all their funds.

Now, PKA remains the minority owner of the firm.

About the author

Ewan has been editor of Retreading Business since 2006 and of Tyre & Rubber Recycling since the magazine was founded. During this period he has become an expert on the global tyre recycling sector. He has many years' experience as an automotive journalist including a period at Tyres & Accessories.

Email: ewan.scott@tyreandrubberrecycling.com

 

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