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At a Glance: KKR holds steady with successful Viridor bid
Perceived low execution risk amidst Coronavirus-induced market turmoil seen as one reason Pennon opted to accept KKR Infrastructure’s GBP 4.2bn offer for Viridor last week. The deal, which values the UK waste business at 18.5 times ebtida, comes despite the listed environmental services group having only taken indicative offers from a handful of further parties earlier in March. Unsuccessful suitors are expected to turn their attention to the upcoming sale of Wheelabrator UK
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