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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.