Pennon Group Plc (Pennon) has announced that it has entered into an agreement for the sale of Viridor Limited (Viridor), one of the UK's leading recycling and residual waste businesses, to Planets UK Bidco Limited (Bidco), a newly formed company established by funds advised by Kohlberg Kravis Roberts & Co. L.P. (KKR), for an Enterprise Value of GBP 4.2 billion (US$ 4.85 billion).
Transaction Highlights are as follows:
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