Platinum Equity Inks Deal To Sell Urbaser To Blackstone, EQT For $6.6B

Blackstone Inc. -3.83%
EQT Corporation +0.05%

Blackstone Inc.

BX

109.95

-3.83%

EQT Corporation

EQT

61.12

+0.05%

Platinum Equity announced today the signing of a definitive agreement to sell Urbaser to Blackstone and EQT in a transaction valued at approximately $6.6 billion (€5.6 billion). The transaction is subject to customary regulatory approvals.

Urbaser is a global integrated environmental infrastructure platform specialized in the collection, management and treatment of municipal and industrial waste. The company serves more than 60 million people across the globe through a network of more than 50,000 employees. Headquartered in Madrid, Spain, Urbaser's core business comprises three segments: Urban Services (waste collection, street cleaning and water management), Municipal Waste Treatment, and Industrial Waste Treatment.

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