EQT and Blackstone to Acquire Spain's Urbaser for Waste Management Growth
EQT and Blackstone Infrastructure have agreed to acquire Urbaser, a Spain-based waste management firm, from Platinum Equity. Both firms will own 50% of Urbaser and jointly manage it, focusing on growth in key markets and enhancing sustainable waste solutions. The transaction is subject to customary approvals. EQT has invested over €7 billion in Spain since 2015.
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EQT Infrastructure VI and Blackstone Infrastructure funds will acquire Urbaser, a leading waste management company in Spain, from Platinum Equity. The acquisition aims to support Urbaser's growth in the circular economy and enhance its operations in both municipal and industrial waste segments.
Following the acquisition, EQT and Blackstone will each hold a 50% stake in Urbaser. The transaction is pending customary conditions. EQT has previously invested over €7 billion in Spain across various sectors since 2015.
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