PIE-TICKER
KKR offshoot officially takes over Duales System Deutschland
Deutsche Umwelt Investment AG (DUI), a new subsidiary of US private equity group Kohlberg Kravis Roberts (KKR, www.kkr.com), New York, New York, is now the official majority owner of the German package waste collection company Duales System Deutschland AG (DSD, www.gruener-punkt.de), Cologne. The ownership was finalised following approval by DSD shareholders. Critics of the deal, designed to break up the wastes company's monopolistic structure, point out that the private equity owners now will "inherit" substantial cash reserves accumulated from license fees for the green dot.
20.01.2005 Plasteurope.com [11760]
Published on 20.01.2005