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Biffa agrees to £1.2bn takeover

Waste management company Biffa, has agreed to a £1.2 billion takeover offer from two private equity companies, Montagu and Global Infrastructure Partners (GIP).UK-based Montagu and GlP are offering 350 pence per share, which values the company at £1.2bn. Biffa non executive chairman Bob Davies said the offer recognises considerable value inherent in our market position and integrated business model, and I believe their investment plans will help Biffa maximise ...