Enva must sell facility to complete deal
Waste management business Enva has to sell a processing facility in order to complete its purchase of rival firm Rilta.
The sale has been ordered by the Competition and Consumer Protection Commission (CCPC), the state's competition watchdog which has completed an in-depth investigation of the deal.
The CCPC's job is to make sure mergers and acquisitions don't result in "a substantial lessening of competition in any market for goods or services in the State".
Enva now has to sell a waste processing facility on the Naas Road in Dublin 12.
Enva was formerly part of Irish conglomerate DCC but was sold to private equity firm Exponent last year. It has been on the acquisition trail since then.
Its purchase target Rilta was formerly part of IPL Plastics.
When the deal was announced, Enva Group chief executive Tom Wall said: "Rilta has a proven track record and a recognised capability in managing and recovering hazardous and specialist wastes, which fits well with our own offering. The combination of our business in Ireland with Rilta will bring a wider range of waste recovery capabilities for our customers".
The financial terms of the deal have yet to be revealed.