UK waste firm Biffa agrees to Energy Capital Partners' $1.41 billion buyout deal
Reuters
Published Sep 27, 2022 07:50
Updated Sep 27, 2022 08:02
(Reuters) - Biffa Plc has agreed to be taken over by private equity firm Energy Capital Partners (ECP) in a deal valuing the British waste-management company at about 1.3 billion pounds ($1.41 billion), the companies said on Tuesday.
The 410 pence per share deal, which comes nearly three months after Biffa first announced that it was approached by ECP, will be backed by the board, Biffa said in a statement, adding that it considers to terms to be "fair and reasonable".
($1 = 0.9234 pounds)
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Written By: Reuters
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