Deals
Li Ka-shing-Backed Dutch Waste Firm AVR in Talks to Buy AEB
- Sale could value Amsterdam firm at more than 400 million euros
- Amsterdam’s government kicked off AEB auction in April
The AVR waste disposal facility in Rotterdam, Netherlands.
Photographer: Peter Boer/BloombergThis article is for subscribers only.
AVR, a Dutch waste processing company controlled by an arm of Hong Kong billionaire Li Ka-shing’s group, has emerged as the preferred bidder for Amsterdam’s AEB, according to people familiar with the matter.
The CK Infrastructure Holdings Ltd.-backed firm is in advanced talks with AEB’s owner, Amsterdam’s municipal government, about a deal that could value AEB at more than 400 million euros ($453 million), the people said, asking not to be identified as the information is private. AVR submitted the highest bid, ahead of other parties including financial investors, the people said.