UK waste management firm Biffa accepts $1.41 billion takeover deal from Energy Capital Partners

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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 around 1.3 billion pounds (1.41 billion pounds). dollars), the companies announced on Tuesday.

The 410p-a-share deal, which comes nearly three months after Biffa first announced it had been approached by ECP, will be backed by the board, Biffa said in a statement, adding that he considered the conditions to be « fair and reasonable ». ($1 = 0.9234 pounds) (Reporting by Yadarisa Shabong in Bengaluru; Editing by Rashmi Aich)