Deutsche Bank’s asset management division RREEF has made the final stages of an auction of a
News wire services are reporting that RREEF Infrastructure is among the final three parties on a short list of bidders for Cory Environmental, citing sources familiar with the situation. The report also names Dutch bank ABN AMRO as being in the later stages of the auction. Final bids are expected to be submitted next week and a decision should follow swiftly afterwards.
Cory is owned by London-based private equity firm Montagu Private Equity, which bought the business for £200 million ($385 million; €295 million) in April 2005. The company operates from more than 30 locations, including a number of landfill sites in
RREEF Infrastructure is headed by John McCarthy in
The company declined to comment on its interest in Cory.