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Announced

Cox Enterprises to acquire a majority stake in Nexus Circular for $150m.

Financials

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Transaction Value£125m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Acquisition

Private

Machinery: Industrial

United States

waste-to-virgin plastics

Majority

Pending

Domestic

Synopsis

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Cox Enterprises, a global conglomerate, agreed to acquire a majority stake in Nexus Circular, an advanced recycling company, for $150m. "We're building platforms with the power to impact both business and the environment. Nexus Circular is an exciting part of our broader cleantech strategy to acquire and scale businesses that have a positive impact on the planet. We continue to look for opportunities to partner with companies like Nexus, which is helping to build a better future for the next generation. That's what we're all about at Cox," Steve Bradley, Cox Enterprises Vice President of cleantech.

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