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UK waste firm Biffa agrees to Energy Capital Partners' $1.41 billion buyout deal

UK waste firm Biffa agrees to Energy Capital Partners' $1.41 billion buyout deal
UK waste firm Biffa agrees to Energy Capital Partners' $1.41 billion buyout deal -  Copyright  Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
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- 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.

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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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