Macquarie Nears Deal To Take Waste Firm Bingo Industries Private : Report

Macquarie Group Ltd. (MQG.AX,MQBKY.PK) is nearing a deal to take Australian waste management company Bingo Industries Ltd. private, Bloomberg reported citing people familiar with the matter.

An announcement could come as soon as this week. Talks are in an advanced stage but could still be delayed or fall apart, the report said.

In January, a consortium that was comprised of Macquarie Infrastructure Real Assets and Australian buyout firm CPE Capital offered A$3.50 in cash for each Bingo share in a $1.8 billion deal. CPE Capital dropped out from the talks recently, the report said.

For comments and feedback contact: editorial@rttnews.com

Business News

Follow RTT