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Biffa posts loss of £910m in financial year preceding December creditor takeover

Ownership transfer to new shareholder group completed on 30 January

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(UK) – British waste company Biffa Group Ltd implemented the capital restructuring arrangements it announced in mid-December, with ownership transferred to a new group of shareholders in a debt for equity swap. The restructuring, which saw the new owners cut the group‘s debt from £1.1bn down to £520m as well as ...

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