Biffa Press Office

 Tel: 020 8789 9651

Press & Newsroom

Recommended acquisition of Biffa Plc by WasteAcquisitionco Limited

8th February 2008

Summary

• The Boards of WasteAcquisitionco Limited (“Bidco”) and Biffa Plc (“Biffa”) are pleased to announce that they have reached agreement on the terms of a recommended acquisition of the entire issued and to be issued share capital of Biffa by Bidco, a newly incorporated company specifically formed for the purpose of making the Acquisition which is owned indirectly by various entities within the Montagu Funds and the GIP Funds and by UCIL.
• Under the terms of the Acquisition, Biffa Shareholders will receive 350 pence in cash for each Biffa Share they hold, valuing Biffa’s fully diluted share capital at approximately £1,231 million, and the existing issued share capital of Biffa at approximately £1,225 million.

To read more please view the full announcement