started · updated
Urbaser to appoint Carlos Albi as CEO amid Blackstone and EQT acquisition
Urbaser is undergoing a leadership transition and a change in ownership. Carlos Albi, the current Chief Operating Officer (COO), will become the company's CEO effective January 1. He succeeds Fernando Abril-Martorell, who will move into the role of non-executive chairman of the board.
This leadership change coincides with the acquisition of 100% of Urbaser by a consortium consisting of Blackstone and EQT. The transaction values the environmental services group at approximately 5,600 million euros, including debt. This represents a significant increase from the 3,500 million euro valuation when Platinum took control of the company in 2022.
Since the previous ownership change, Urbaser has implemented a reorganization and divestment strategy, which included the sale of its subsidiaries in the United Kingdom and the Nordic region.
Entities
Blackstone · Carlos Albi · EQT · Fernando Abril-Martorell · Urbaser
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] A consortium of Blackstone and EQT is set to acquire 100% of Urbaser. www.lacronicabadajoz.com · www.elcorreoweb.es · www.expansion.com
- [● 3 SOURCES] Fernando Abril-Martorell will transition to non-executive chairman of the company. www.lacronicabadajoz.com · www.elcorreoweb.es · www.expansion.com
- [● 3 SOURCES] Urbaser was valued at approximately 3,500 million euros when Platinum took control in 2022. www.lacronicabadajoz.com · www.elcorreoweb.es · www.expansion.com
- [● 3 SOURCES] Urbaser has sold its British and Nordic subsidiaries as part of a reorganization strategy. www.lacronicabadajoz.com · www.elcorreoweb.es · www.expansion.com
- [● 3 SOURCES] Carlos Albi will become the CEO of Urbaser on January 1. www.lacronicabadajoz.com · www.elcorreoweb.es · www.expansion.com
- [● 3 SOURCES] The acquisition values Urbaser at approximately 5,600 million euros, including debt. www.lacronicabadajoz.com · www.elcorreoweb.es · www.expansion.com