NTR nets €96m in waste firm sale
However, the sell-off of the British waste businesses to Montagu Private Equity and Global Infrastructure Partners, the controlling shareholders of British industrial waste company Biffa, for a total of £135m (€162m) re-emphasises the morphing of NTR into an international renewable energy group. The business being sold on had reported sales of £145m (€175.50m) in 2009.
NTR makes no bones about how they will use the €96m it will earn from the deal and said the cash is to be used to “both fortify cash reserves and strategically invest in other areas of its clean energy and resource sustaining portfolio”.
