Blackstone and Apax to offload waste recycler

Private equity firms The Blackstone Group and Apax Partners are reportedly preparing to sell their stakes in Sulo, Germany's second-biggest waste-handling company.

Sulo, valued at about €1bn ($1.27bn) by analysts, has drawn interest from rival German recycling company Alba, according to German newspaper Handelsblatt, citing Alba board member Axel Schweitzer.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump