The investment firm Energy Capital Partners (ECP) is prepared to pay a price of £4.10 per share for Biffa, the UK's second largest waste management company. According to a joint statement issued by the companies on Tuesday, the acquisition price, together with the final dividend to be paid to shareholders, would value Biffa's ordinary share capital at around £1.3bn. At today's exchange rate, this is equivalent to about €1.45bn. The acquisition price was lower than ECP's indicative offer put forward in June. ...
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