Spain's Urbaser adds Egeo to Portugal buying spree
What's the deal? Spain's UrbaserDealroom has a profile for this one. Try Dealroom → has agreed to acquire Portugal's Egeo SGPSDealroom has a profile for this one. Try Dealroom →, according to a notification published Tuesday by Portugal's competition regulator, the Autoridade da Concorrência. The deal, made through Sertego PortugalDealroom has a profile for this one. Try Dealroom →, gives Urbaser exclusive control of EgeoDealroom has a profile for this one. Try Dealroom → and its subsidiaries, with the exception of Egeo SolventesDealroom has a profile for this one. Try Dealroom →.
Who's involved? Urbaser is backed by the financial muscle of Blackstone and EQTDealroom has a profile for this one. Try Dealroom →. Egeo operates in Portugal's waste management sector; deal terms were not disclosed.
Why now? The acquisition is the latest in a string of Portuguese deals. In 2024, Urbaser sold SUMADealroom has a profile for this one. Try Dealroom → — a collector and processor of urban waste — to Mota-EngilDealroom has a profile for this one. Try Dealroom →, keeping the industrial waste operation in Portugal in return.
What's the endgame? Days after the SUMA sale, Urbaser notified the regulator of its purchase of Portugal's Grupo CarmonaDealroom has a profile for this one. Try Dealroom →, which specialises in non-urban waste including hazardous materials. In October 2024, it moved to acquire the entire Portuguese and Spanish business of US multinational StericycleDealroom has a profile for this one. Try Dealroom →.
This March, Urbaser agreed to buy a majority stake in EcoAmbienteDealroom has a profile for this one. Try Dealroom →, an urban waste manager controlled by Ilídio Pinho's IP HoldingsDealroom has a profile for this one. Try Dealroom →. That deal marked its return to Portugal's urban waste market after abandoning its SUMA stake in January 2024.
The signal: Urbaser is rapidly consolidating Portugal's waste sector, moving across industrial, hazardous, and urban waste in barely a year. Private-equity backing is fuelling a fast-moving roll-up of the market.
Read more: jornaldenegocios.pt
Image credit: Generated with Gemini
