The approaches may result in an outright purchase of the owner of the Panda and Greenstar waste firms for as much as €1 billion, they said. New York investment giant Blackstone acquired a 37.6 per cent stake in Beauparc two years ago for an undisclosed sum. Elsewhere, Canada’s GFL Environmental, one of the largest waste firms in North America, has almost doubled in value since it floated on the stock market early last year and subsequently acquired Texas peer WCA Waste. Mr Waters set up Panda in 1990 on land adjoining his family’s filling station business in Beauparc, near Slane, Co Meath. The company spent €19.1 million on acquisitions during the year and declared dividends of €60.5 million.

Source: The Irish Times January 15, 2021 05:55 UTC