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Biffa set to be bought by Montagu?

Private equity company HgCapital is to drop out of the battle for control of Biffa but private equity firm Montagu is still interested in pursuing a cash offer, said a Biffa spokesman.The announcement follows recent news that Biffas shares rose by almost 3% in price after it had been approached by private equity group Global Infrastructure Partners (GIP) about a possible £1.5 billion shared offer with Montagu.The spokesman told MRW: Montagu continues to be interested ...