British utility Pennon to sell waste management unit for $5 bln, including debt [Reuters]
KKR & Co. Inc. (KKR)
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Source: Reuters
British utility Pennon to sell waste management unit for $5 billion, including debt (Reuters) - Utility firm Pennon Group ( PNN.L ) said on Wednesday it has agreed to sell its waste management business, Viridor, to U.S. private equity firm KKR & Co Inc ( KKR.N ) for 4.2 billion pounds ($4.95 billion), including debt. The deal, which has been unanimously agreed by Pennon’s board, will result in cash proceeds of 3.7 billion pounds taking into account Viridor’s debt, the company said.
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