Averda plans IPO in Saudi Arabia or UAE: Report

Averda plans IPO in Saudi Arabia or UAE: Report emirates7 - Averda, a Dubai-based provider of waste-disposal services provider, is exploring an initial public offering (IPO) in Saudi Arabia or the UAE, Bloomberg reported, citing people familiar with the matter. The move comes after the company held merger talks with US blank-check firm Better World Acquisition Corp. earlier this year, but those discussions were abandoned. With operations from South Africa to India, Averda has more than 60,000 clients in oil and gas, automotive and hospitality. Established in 1964, the company's services include street cleaning, bin collection, as well as disposal of hazardous and household waste. [28-04-2022 01:05 PM]

emirates7 - Averda, a Dubai-based provider of waste-disposal services provider, is exploring an initial public offering (IPO) in Saudi Arabia or the UAE, Bloomberg reported, citing people familiar with the matter.

The move comes after the company held merger talks with US blank-check firm Better World Acquisition Corp. earlier this year, but those discussions were abandoned.

With operations from South Africa to India, Averda has more than 60,000 clients in oil and gas, automotive and hospitality. Established in 1964, the company's services include street cleaning, bin collection, as well as disposal of hazardous and household waste.

[28-04-2022 01:05 PM]

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