EQT launches sale of waste-burning power producer EEW - sources

China Everbright Environment

18/09/2015 10:19

FRANKFURT, Sept 18 (Reuters) - Swedish firm EQT has launched 
the sale of its waste-burning power producer Energy from Waste 
(EEW), hoping to cash out in hot equity markets and just months 
after taking full control of the company, several sources 
familiar with the matter said. 
    The buyout group on Friday sent out first information 
packages on Europe's market leader in energy generation from 
waste to potential buyers, one of the sources said. More 
elaborate information memorandums are to follow at the latest in 
early October, with tentative bids due no later than early 
November, the source added. 
    EQT and its advisor Morgan Stanley, which have started to 
explore options for the business after receiving indications of 
interests from potential buyers, declined to comment. 
    EQT bought a majority in EEW from E.ON in 2012 and acquired 
the remaining stake in May.  ID:nL5N0XV1LH  
 
 (Reporting by Arno Schuetze; Editing by Harro ten Wolde) 
 ((arno.schuetze@thomsonreuters.com; +49.69.7565.1197; Reuters 
Messaging: arno.schuetze.reuters.com@reuters.net)) 
 
Keywords: ENERGY FROM WASTE SALE/