Inactive Instrument

BIFFA

Equities

BIFF

GB00BD8DR117

IN BRIEF: Biffa gets Unite union opinion on cash acquisition

November 11, 2022 at 03:26 pm EST

Biffa PLC - High Wycombe, Buckinghamshire-based waste management firm - Gets an opinion from union Unite in relation to the recommended cash acquisition of Biffa by Energy Capital Partners LLC. Says the union is "pleased" to see that the offer made by ECP is not based on increased leverage of the company. Further, it supports that "the acquisition will be financed on a basis broadly consistent with an investment grade rated capital structure with a significant equity cushion and will be unsecured".

The company backed a GBP1.3 billion takeover offer from private equity firm Energy Capital Partners, an investor in the fields of energy transition, renewables and infrastructure in late September.

Current stock price: 413.56 pence

12-month change: up 4.7%

By Abby Amoakuh; abbyamoakuh@alliancenews.com

Latest news about BIFFA

Biffa plc acquired Hamilton Waste & Recycling Limited.	Nov. 27	CI
Biffa plc acquired Esterpet Limited.	23-04-26	CI
Biffa plc acquired Total Recycling Services Limited.	23-03-23	CI
Correction: Biffa to Delist from LSE's Main Market as Bears Bidco Takeover Becomes Effective	23-01-27	MT
Correction: Biffa Delists From London Bourse Following Bears Bidco Takeover	23-01-27	MT
Biffa Delists From London Bourse Following Bead Bidco Takeover	23-01-27	MT
Biffa GBP1.3 billion takeover by ECP V is official	23-01-27	AN
Biffa to Delist from LSE's Main Market as Bead Bidco Takeover Becomes Effective	23-01-27	MT
Biffa plc(LSE:BIFF) dropped from FTSE 250 Index	23-01-27	CI
Biffa plc(LSE:BIFF) dropped from FTSE 250 (Ex Investment Companies) Index	23-01-27	CI
Biffa plc(LSE:BIFF) dropped from FTSE 350 (Ex Investment Companies) Index	23-01-27	CI
Biffa plc(LSE:BIFF) dropped from FTSE 350 Index	23-01-27	CI
Biffa plc(LSE:BIFF) dropped from FTSE All-Share Index	23-01-27	CI
Biffa plc(LSE:BIFF) dropped from S&P Global BMI Index	23-01-27	CI
Energy Capital Partners, LLC completed the acquisition of Biffa plc from Global Alpha Capital Management Ltd. Soros Fund Management LLC and others.	23-01-25	CI
Biffa Takeover by Bears Bidco Approved by UK Court	23-01-25	MT
Biffa says GBP1.3 billion takeover crosses final hurdle	23-01-25	AN
Pacific Horizon to be added to FTSE 250 as Biffa exits amid takeover	23-01-24	AN
Biffa's Acquisition by Bears Bidco Receives Regulatory Approval	23-01-17	MT
Biffa receives Gibraltar financial approval for ECP takeover	23-01-17	AN
FTSE 100 Closed Down 0.9% as BOE Warns of Tough Year Ahead	22-12-15	DJ
BOE Likely to Scale Back Rate Increase in February	22-12-15	DJ
BOE Raises Rates by 0.5 Point, Slowing Pace of Tightening	22-12-15	DJ
Sterling Could Fall Versus Euro After BOE, ECB Decisions	22-12-15	DJ
Biffa swings to half-year profit ahead of takeover by private equity	22-12-15	AN

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Company Profile

Biffa PLC is a United Kingdom-based integrated waste management company. The Company operates through two segments: Municipal, Industrial & Commercial and Specialist Services; and Resources & Energy. Collections, which encompasses Municipal, Industrial & Commercial and Specialist Services sub-divisions. Resources & Energy which consists of Inserts, Organics, Recycling and Landfill Gas sub-divisions. The Company provides various waste related services, including general waste collection, dry mixed recycling (DMR) collections, food waste management, single stream recycling, hazardous waste, environmental consultancy (Biffa consult), producer responsibility compliance schemes, unplanned waste removal, skip hire and asbestos waste disposal.

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