Reported 1 day ago
Apollo Global Management and BC Partners are nearing a deal to buy a controlling stake in GFL Environmental's environmental services unit, valued at $5.6 billion. The consortium plans to acquire a 56% stake, generating around C$6.2 billion for GFL, which will be used to repay debt and repurchase shares. The transaction aims to improve GFL's balance sheet and reduce its annual interest expenses.
Source: YAHOO