17th Jan 2023 12:10
Biffa PLC - High Wycombe, England-based sustainable waste management company - Receives approval from the Gibraltar Financial Services Commission regarding the proposed takeover of Biffa by ECP V LLC. ECP is an investor in the fields of energy transition, renewables and infrastructure who, via Bears Bidco Ltd, is looking to acquire Biffa. Biffa says the takeover remains subject to sanctioning by Court, with a hearing scheduled for January 25. In September, Biffa agreed to a GBP1.3 billion takeover offer from ECP, with the takeover expected to be effective from January 26.
Current stock price: 409.60 pence, up 0.4% in London on Tuesday at midday.
12-month change: up 19%
By Greg Rosenvinge, Alliance News reporter
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