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Platinum Equity to sell waste management firm Urbaser to Blackstone, EQT for $6.6 billion

Published by Global Banking & Finance Review

Posted on February 12, 2026

1 min read

· Last updated: February 12, 2026

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Platinum Equity to sell waste management firm Urbaser to Blackstone, EQT for $6.6 billion
equity investment financial services private equity sustainability
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Feb 12 (Reuters) - Private equity firm Platinum has agreed to sell Spanish waste management company Urbaser to Blackstone and EQT for $6.6 billion, the company said in a statement on Thursday.

Platinum Equity Sells Urbaser to Blackstone and EQT for $6.6 Billion

Overview of the Urbaser Sale

Feb 12 (Reuters) - Private equity firm Platinum has agreed to sell Spanish waste management company Urbaser to Blackstone and EQT for $6.6 billion, the company said in a statement on Thursday.

Details of the Transaction

Platinum Equity said it will retain ownership of Urbaser's waste management business in Argentina. 

Retention of Argentine Operations

(Reporting by Ananya Palyekar in Bengaluru; Editing by Janane Venkatraman)

Key Takeaways

  • Platinum Equity sells Urbaser for $6.6 billion.
  • Blackstone and EQT are the buyers.
  • Platinum retains Urbaser's Argentine operations.
  • The sale was announced on a Thursday.
  • Transaction highlights strategic divestment.

Frequently Asked Questions

What is private equity?
Private equity refers to investment funds that buy and restructure companies that are not publicly traded. These funds are typically managed by private equity firms and aim to improve the financial performance of the acquired companies.
What is an investment transaction?
An investment transaction involves the purchase or sale of financial assets, such as stocks, bonds, or real estate, with the expectation of generating a return on investment over time.
What is sustainability in finance?
Sustainability in finance refers to investment strategies that consider environmental, social, and governance (ESG) factors. It aims to generate long-term financial returns while promoting positive societal impact.
What is a financial statement?
A financial statement is a formal record of the financial activities and position of a business, person, or entity. It includes balance sheets, income statements, and cash flow statements.

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