- 3i Infrastructure Tuesday announced that it will invest €201m to acquire a 50% stake in Dutch waste treament and disposal company Attero.

3i Infrastructure will invest alongside DWS's infrastructure investment business (formerly Deutsche Asset Management) to acquire Attero from Waterland, a Dutch private equity fund. Completion is subject to certain third-party approvals.

Attero owns two energy from waste plants (EfW) - accounts for circa 80% of revenues - two sorting and pre-treatment facilities, six anaerobic digestion facilities, seven composting facilities and ten landfills.

Phil White, Managing Partner and Head of Infrastructure, 3i Investments plc, Investment Adviser to the Company, said:

'Attero is strongly positioned to benefit from favourable underlying trends in the European waste market, driven by EU directives targeting more recycling, with EfW playing an important role in treating combustible waste which cannot be, or is not, recycled.'

Hamish Mackenzie, Head of Infrastructure at DWS said:

'We are excited to be making this investment in Attero. Attero has a unique position in the European waste value chain, offering the full range of recycling, treatment and disposal solutions and is well placed to deliver the objectives of the EC's Circular Economy package.'

'We look forward to working closely with Attero management to further invest in the growth opportunities this offers. We are delighted to be making our first investment in the waste sector and our first in the Netherlands.'

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