Greenstar and Biffa to form recycling merger

Renewable energy group NTR has announced the proposed sale of its waste management business, Greenstar, to Montagu Private Equity and Global Infrastructure Partners (GIP), the controlling shareholders of waste management company Biffa, for £135m.

Biffa’s owners are buying Greenstar from NTR and plan to merge it with Biffa to create the UK’s largest commercial and industrial recycling company.