Derichebourg Environnement to acquire Lyrsa Group.

Derichebourg Environnement, a leading waste management and scrap recycling company to acquire Lyrsa Group, the Spanish leader in scrap metal recycling. Financial terms were not disclosed. The acquisition is expected to be completed by the end of the 2019 calendar year. Completion of the acquisition is subject to meeting the conditions precedent, including review of the transaction by the Spanish authorities responsible for assessing market concentration. Derichebourg intends to finance the acquisition with cash and its existing credit lines.