Atorka has acquired about 10% stake in Asia Environment Holdings (AENV) which is listed on the Stock market in Singapore (SGX-ST). The transactions took place over the past few weeks and the total price of Atorka's stake is approximately ISK 1.1 billion. Atorka financed the purchase with available funds.

AENV is one of the leading integrated water and wastewater treatment solution providers in the People's Republic of China. The Company covers the entire spectrum of water and wastewater treatment, from planning and design to manufacturing and fabrication, construction, installation, operations and maintenance.  During the past few years AENV has undertaken Build-Operate-Transfer(BOT) projects in water and wastewater treatment for municipals and townships. AEH recently concluded the infrastructure of 200.000 m3 water-waste treatment plant in China which the company will own and run for the next 20 years. The company is also involved in the development of numerous comparable projects in Asia. AENV Market Cap is about US $175m. Estimated turnover 2008 is USD 80m and EBITDA 2008E USD 24m.