Summa Equity-backed NG Group to acquire recycling and waste business from Fortum for €800m.

Summa Equity-backed NG Group, a provider of circular solutions, agreed to acquire recycling and waste business from Fortum, a state-owned energy company, for €800m ($874m). “We are very pleased to have found a very suitable new owner that is well positioned to further enhance and drive future growth opportunities for the recycling and waste business. Next to the clean energy transition, material scarcity is one of the biggest societal challenges we need to solve. Now is the right time for the new owner to take over,” Markus Rauramo, Fortum President and CEO.