Abu Dhabi’s ADQ Joins Bidding War for Spanish Waste Company Urbaser

ADQ Enters Fray for Urbaser Acquisition

Abu Dhabi sovereign wealth fund, ADQ, has reportedly teamed up with Blackstone and EQT in the bidding process for Urbaser, a prominent Spanish waste management company. The move comes as Urbaser’s owner, Platinum, seeks to sell the firm.

Potential Valuation and Advisors

Platinum has enlisted Citi and Santander as advisors for the sale, with expectations that the deal could value Urbaser at a significant amount. The second round of bids is underway, with multiple parties vying for ownership of the esteemed waste management company.

Strategic Investment Opportunities Unveiled

The collaboration between ADQ and other prominent buyout groups signifies the strategic investment potential that Urbaser offers. As the bidding process progresses, the future of Urbaser hangs in the balance, awaiting a new chapter under potentially new ownership.