On March 13, 2020, Elemental Holding, due to the transfer of ownership of 49 percent of Evciler Kimya shares to Tesla Recycling, under Turkish law, became the owner of 100 percent of the shares of the Turkish recycling company.
The Elemental Holding Group has been controlling Evciler's activities since 2014, when it purchased 51 percent of shares in a Turkish company. This allowed for the successful development of the Evciler and its integration with the structures of the entire holding company.
The acquisition of all shares in Evciler Kimya is the end of the process that began in 2014. This is an important moment in the development of the entire holding, but also a symbolic moment, showing two facts: the consequence of our actions in building stable and efficient holding structures and the importance we attach to the market served by Evciler - said Paweł Jarski, president of the board of Elemental Holding SA.