Beijing Enterprise in advanced talks to buy Germany's Energy from Waste - sources

Beijing Enterprises Holdings

04/02/2016 08:18

FRANKFURT, Feb 4 (Reuters) - Beijing Enterprise  0392.HK  
has entered advanced talks to buy German waste management 
company Energy from Waste for 1.8 billion euros ($2 billion), 
two people familiar with the deal said. 
    The group beat out other Chinese bidders -- a consortium of 
China Tianying  000035.SZ  and Ping An  2318.HK  and a 
consortium of Beijing Capital  600008.SS  and German utility 
Steag -- as well as Finnish utility Fortum  FUM1V.HE . 
 urn:newsml:reuters.com:*:nL8N15C4JD 
    The seller, buyout group EQT declined to comment while 
Beijing Enterprise was not immediately available for comment. 
    ($1 = 0.9003 euros) 
 
 (Reporting by Arno Schuetze; Editing by Maria Sheahan) 
 ((arno.schuetze@thomsonreuters.com; +49.69.7565.1197; Reuters 
Messaging: arno.schuetze.reuters.com@reuters.net)) 
 
Keywords: ENERGYFROMWASTE M&A/BEIJING ENT