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Terra Firma and Suez opt out of Biffa bid

Private equity firm Terra Firma and waste company Suez have pulled out of a potential takeover battle for Biffa.The waste company has already recommended a £1.2 billion offer from Montagu and Global Infrastructure Partners.Terra Firma and Suez had been planning on offering a counter-bid offer for Biffa but after undertaking due diligence have shelved plans to take over.In a statement on the acquisition update, Biffa said: The Biffa Board has now been ...