ABG Sundal Collier is acting as sole financial advisor to Quantafuel ASA (“Quantafuel”) in connection with Viridor’s voluntary offer to acquire all shares in the company following a strategic review process

On Tuesday 28 February 2023, the Board of Directors of Quantafuel announced an agreement whereby Harald Norway Bidco AS (the “Offeror”), a wholly owned subsidiary of Viridor Limited (“Viridor”) intends to put forward a voluntary cash offer (the “Offer”) to acquire 100% of the shares in Quantafuel at an offer price of NOK 6.38 per share (the “Offer price”). The Offer concludes the strategic review process, which was announced on 12 October 2022. Quantafuel’s two largest shareholders, Kirkbi A/S (“Kirkbi”) and BASF Antwerpen N.V. (“BASF”), have signed irrevocable pre-acceptances. Together, the two shareholders own c. 20.3% of the outstanding shares in Quantafuel. The offer document will be made available for shareholders by the Offeror prior to the offer period.
Viridor is one of the UK’s leading waste management companies, with a publicly stated purpose “to build a world where nothing goes to waste” and a vision to be a “leading innovator of resource recovery and recycling, transforming waste for a climate positive future”. Viridor is controlled by funds advised by Kohlberg Kravis Roberts & Co. L.P. or its affiliates (“KKR”).