Viridor: Difference between revisions
reflects major changes as the result of the sale of the business to KKR |
|||
| Line 10: | Line 10: | ||
The sale of Viridor to [[Kohlberg Kravis Roberts]] (KKR) by Pennon was announced in March 2020 for £4.2bn<ref>https://www.pennon-group.co.uk/media/news/proposed-sale-viridor-%C2%A342-billion-kkr</ref> and completed in July 2020<ref>https://resource.co/article/viridor-acquired-kkr-42-billion</ref>. Since this acquisition the new owners have divested large parts of the business, in order to leave a focus on their [[EfW]] business and associated [[Plastics Recovery Facility|plastics recycling]] business<ref>[https://www.viridor.co.uk/who-we-are/latest-news/2021-news/viridor-agrees-to-sell-collections-business-and-majority-of-recycling-locations/ Viridor News Item]</ref>. The divestment of the following parts of the business have been concluded: | The sale of Viridor to [[Kohlberg Kravis Roberts]] (KKR) by Pennon was announced in March 2020 for £4.2bn<ref>https://www.pennon-group.co.uk/media/news/proposed-sale-viridor-%C2%A342-billion-kkr</ref> and completed in July 2020<ref>https://resource.co/article/viridor-acquired-kkr-42-billion</ref>. Since this acquisition the new owners have divested large parts of the business, in order to leave a focus on their [[EfW]] business and associated [[Plastics Recovery Facility|plastics recycling]] business<ref>[https://www.viridor.co.uk/who-we-are/latest-news/2021-news/viridor-agrees-to-sell-collections-business-and-majority-of-recycling-locations/ Viridor News Item]</ref>. The divestment of the following parts of the business have been concluded: | ||
* May 2021 Viridor announced the sale of their collections business and their recycling locations (excluding [[Crayford MRF]]) to [[Biffa]] which was completed in September 2021<ref>https://www.biffa.co.uk/viridor</ref> | * May 2021 Viridor announced the sale of their collections business and their recycling locations (excluding [[Crayford MRF]] and [[Pelican Reach (Plot L)]]) to [[Biffa]] which was completed in September 2021<ref>https://www.biffa.co.uk/viridor</ref> | ||
* December 2021 [[Equitix]] acquired a 20% stake in [[Viridor Energy]], comprising 11 [[EfW]] assets of the original Viridor business<ref>https://equitix.com/news/equitix-acquires-20-stake-in-viridor-energy/</ref> | * December 2021 [[Equitix]] acquired a 20% stake in [[Viridor Energy]], comprising 11 [[EfW]] assets of the original Viridor business<ref>https://equitix.com/news/equitix-acquires-20-stake-in-viridor-energy/</ref> | ||
*January 2022 Viridor announced the sale of their [[Crayford MRF]] to [[N+P Group]]<ref>https://resource.co/article/viridor-sells-crayford-mrf-np</ref> | *January 2022 Viridor announced the sale of their [[Crayford MRF]] to [[N+P Group]]<ref>https://resource.co/article/viridor-sells-crayford-mrf-np</ref> | ||