De Raj Group AG (WBAG:DRJ) entered into an agreement to acquire an asset in Water Recycle / Reuse space in Namibia on September 12, 2019. The Water Recycle / Reuse space reported an annual turnover of approximately €4 million and about 2/3rd of which is its EBITDA. The acquisition is being financed through the bond issue led by ITI Capital Ltd. De Raj Group AG intends to expand the capacity of the plant after the acquisition process is complete. De Raj Group AG (XTRA:DRJ) cancelled the acquisition of asset in Water Recycle / Reuse space in Namibia on September 12, 2020.