Ancala consortium wins auction to acquire Augean

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Eleia Limited, a special purpose vehicle formed by Ancala Partners LLP and Fiera Infrastructure Inc., has won the auction to acquire a 100% stake in Augean with a bid of GBP3.72 (US$5.03) per share.

The transaction is valued at GBP390 million (US$528.13 million). Augean Group specializes in waste and resource management, serving the hazardous waste management sector, oil and gas industry, and nuclear and radioactive sector. The Group operates at locations across the UK from Avonmouth to Shetland.

Earlier Morgan Stanley Infrastructure Inc offered GBP3.61 (US$4.88) per share, which was outbid by Eleia limited. 

Share this update