Biffa given all clear for £126m acquisition
By Matt Hall | 5th July 2021
Biffa PLC has said that UK watchdogs have given the go ahead for the acquisition of the collections business and other assets from Viridor Waste Management.
With a base on Bristol Road in Gloucester, the waste management business originally announced the planned £126million deal on May 21.
At the time of the original announcement, Biffa said: "On completion, the deal will see Biffa acquire Viridor's network of 15 Industrial and Commercial (I&C) depots for business waste, significantly expanding its own market leading low carbon collections business and bringing an additional 21,000 customers into the group's nationwide portfolio.
"The transaction will also enable Biffa to further extend its capabilities across its Specialist Services and Resources & Energy operations, adding 8 further recycling assets and increasing its capabilities in wastewater collection and treatment."
Following correspondence with the Competition and Markets Authority, Biffa confirmed the regulator had "no further questions in relation to the transaction at this time".
The deal is expected to be complete at the end of August.
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