Beijing Enterprises buys Germany's Energy from Waste

Beijing Enterprises Holdings

04/02/2016 08:56

FRANKFURT, Feb 4 (Reuters) - Beijing Enterprise  0392.HK  
has struck a deal to buy German waste management company Energy 
from Waste (EEW) as China sets about tackling an acute problem 
with the environment and waste recycling. 
    The equity purchase price amounts to 1.4 billion euros  
($1.56 billion), making it the largest Chinese direct investment 
in a German company to date, the seller, buyout group EQT, said 
in a statement on Thursday.  
    According to people familiar with the transaction the deal 
values EEW at 1.8 billion euros including debt. 
    The transaction is expected to close end of February 2016. 
    ($1 = 0.8965 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