PRIVATE EQUITY PURCHASE OF RECYCLER BEFESA PROGRESSES
May 1st, 2013
The agreed acquisition of Spain headquartered steel waste recycler Befesa Medio Ambiente has moved on with formal notification to the European Commission for consideration by European Union competition watchdogs.Befesa's Spanish parent Abengoa announced in April that it had struck an exclusive agreement to sell 100% of its subsidiary to an acquisition vehicle of a fund managed by private equity firm Triton Partners in a deal valued by Abengoa at EUR1.075 billion and which was approved earlier this month by Abengoa bondholders.In acknowledging receipt of the ...
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