By Reuters Staff
3 Min Read
STOCKHOLM (Reuters) -Covanta Holding Corporation is to be taken private by Sweden-based investment firm EQT, with the U.S. waste management firm valued at $5.3 billion including debt in Wednesday’s announcement.
The deal, to be completed by EQT Infrastructure Fund V, is expected to aid Covanta’s expansion, including outside of the United States, according to separate statements.
Having started in the 1980s in waste management, Covanta has increasingly pivoted towards waste-to-energy as the push for renewable energy sources has grown. The Morristown, New Jersey-based firm has 41 such power facilities in the United States, Canada and Europe.
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