Technology competition: China offer expertise in waste disposal – Tagesspiegel

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Chinese state-owned enterprises are competing for the Lower Saxony waste disposal Energy from Waste (EEW).

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Several state-owned companies from China According to insiders, have turned into the bidding race for the Lower Saxony waste disposal Energy from Waste (EEW). Beijing Enterprises Water Group, China Everbright International and Beijing Capital had submitted non-binding offers for the company from the Lower Saxony Helmstedt, said several people familiar with the matter. The owner, the Swedish financial investor EQT has, Morgan Stanley appointed to sell the operator of 20 incinerators. The value of the company with 1250 employees is estimated at 1.5 to two billion euros.

A joint offer, according to the insiders have also filed the energy company Steag and the Australian Macquarie Bank. EQT, Steag, Macquarie, Morgan Stanley and China Everbright boarding Ionel rejected opinions. From Beijing Enterprises and Beijing Capital Group had no comment on Tuesday initially to obtain.
Chinese bidder rely on know-how in waste management
A degree can give early 2016 already, said people familiar with the plans. The competition of Chinese with each other is also a sign that the leadership of the People’s Republic concede this more leeway. The country needed more expertise in order to get their own piles of garbage in the handle. The Beijing Capital Group had taken over the past year for almost $ 800 million the largest waste disposal Zealand. About ten percent of the waste processed the EEW, comes from abroad, mainly from Britain. The company is aiming According to insiders, this year a profit before interest, taxes, depreciation and amortization (EBITDA) of 180 million euros. (Reuters)

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