Biffa brings home the bacon with £100m leverage reducer

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Biffa brings home the bacon with £100m leverage reducer

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Fork lift truck gathers plastics from a recycling bay at BIFFA recycling plant in Beaumont Leys in Leicestershire. | Rui Vieira/PA

Biffa, the UK waste management company, raised £100m in a sale of just under 50m new shares at £2 each to strengthen its balance sheet in order to take advantage of M&A opportunities.

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