09 October 2006
The London Stock Exchange is delighted to welcome Biffa Plc to the Main Market.
Biffa listed on the Main Market following its de-merger from Severn Trent Plc. Biffa is a leading integrated waste management business in the UK which operates across the breadth of the waste management value chain. It provides waste collection, treatment and recycling, and disposal services to around 80,000 local and national customers in the industrial, commercial and municipal sectors.
The de-merger allows Biffa's board and management to focus on the continued strategic and operational development of the company; to independently manage their individual dividend policies, capital requirements and balance sheet structures; and allows equity investors to gain greater direct exposure to the UK waste industry.
