Posts Tagged ‘waste management’

Biffa agrees £1.2bn takeover February 8th, 2008

Biffa has agreed an offer of 350p per share from the private equity firm, Montagu Funds. The offer values Biffa at £1.2bn.

Biffa collects waste from over 1m UK households, has 42 treatment and recycling centres and 33 landfill sites, is seen as a market leader in waste management. A point that leads analysts to believe that a rival bid could be just around the corner, with a 400p per share price tag being achievable.

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    • Money Purchase
      A defined contribution pension scheme whereby the investor knows how much they are putting into the fund. The pot of money available at retirement age to purchase a pension is dependant upon investment performance.