Finance ADQ in bid to buy Spanish waste company, reports say By Reuters December 11, 2024, 11:45 AM Getty via Unsplash Urbaser operates in around 15 countries, according to their website ADQ, an Abu Dhabi sovereign wealth fund, has joined buyout groups Blackstone and EQT for the second round of bids to buy Spanish waste management company Urbaser, Spain’s Expansion newspaper said on Tuesday. Urbaser’s owner, private equity firm Platinum, hired Citi and Santander as advisors for the sale earlier this year in a deal that could value the company at around €5 billion ($5.26 billion), sources told Reuters. Learn more about ADQ Expansion said a fourth candidate could join Blackstone, EQT and ADQ in the second round. Platinum has told bidders to start due diligence and prepare binding offers for the last week of February, Reuters said. ADQ did not immediately reply to a request for comment. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
