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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
Published on Updated
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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.

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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