EBRD Invests 60 Million Euro in M Plus Croatia

Croatia’s M Plus Group said it has signed a 60 million euro investment agreement with the European Bank for Reconstruction and Development (EBRD).

By signing the agreement, the EBRD will take over a 28.3% stake in the company M Plus Croatia, the company said in a statement.

M Plus Croatia is a part of the Mplus Group and it consolidates the companies operating in the group’s BPO business vertical.

Following the investment, Mplus Group, which currently holds a 68.7% stake, will remain as the majority and controlling shareholder with 59.7% stake, while Mid Europa Partners will continue to support the business as a minority investor, the statement said.

The execution of this capital increase will also be the largest equity investment by the EBRD in the technology services sector in the Southeast Europe (SEE) region and one of the largest equity investments in Croatia in general.

(Image: M Plus Group)