CK Infrastructure Holdings Ltd is in talks with potential advisors to study a potential bid for UK waste management firm Viridor Ltd, Bloomberg reported on Saturday.
Hong Kong-based CK Infrastructure (CKI) is considering an approach ‘according to people with knowledge of the matter’ and is holding discussions with possible advisors, Bloomberg said.
Its sources ‘asked not to be identified as the information is private’.
Ardley, England-based Viridor is currently owned by US private equity company KKR & Co Inc, which acquired it from Pennon Group PLC in 2020 for £4.2 billion.
Bloomberg reported last month that KKR was exploring options including a sale that would value Viridor at up to £7 billion or $8.8 billion.
It added on Saturday: ‘The buyout firm is working with Barclays PLC and UBS Group AG on the potential divestment, the people said.
‘The sale is likely to attract a number of private equity firms, according to the people. Deliberations are preliminary and CKI could decide against pursuing a bid.’
Bloomberg said that spokespeople for Barclays, KKR and UBS declined to comment on the matter and that a CKI representative did not immediately respond to queries.
CKI shares closed 0.5% lower at HK$53.35 on Friday in Hong Kong, but ended 1.3% higher at 542.00 pence in London.
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