MQG News: Macquarie picks up majority stake in Coastal Waste & Recycling - 14th Jun 2023, 6:31am

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By Chibuike Oguh

NEW YORK (Reuters) - The asset management arm of Australian bank Macquarie Group Limited has bought a majority stake in waste management firm Coastal Waste & Recycling, the bank said on Tuesday.

The terms of the deal were not disclosed. The transaction values Coastal Waste & Recycling at about $900 million, according to people familiar with the matter. The sources requested anonymity as the matter is private.

Coastal Waste & Recycling serves more than 450,000 customers mostly...

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