Market Chatter: KKR Nears Deal to Sell Stake in UK Waste Group Viridor

MT Newswires Live00:02

KKR (KKR) is close to a multibillion-pound deal to sell up to half of its UK waste management business Viridor to infrastructure investor Equitix, the Financial Times reported Wednesday, citing people familiar with the situation.

Equitix, which already owns a 35% stake in Viridor's energy subsidiary, has emerged as the lead bidder, the people told the FT, adding that Equitix would initially acquire a minority stake with the option to eventually increase its ownership to 50%.

A deal could be agreed as soon as Wednesday, though the sources cautioned that negotiations have not been finalized and could still collapse, the report said.

KKR and Equitix didn't immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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