EQT Infrastructure to acquire Covanta Holding Corporation in USD5.3bn deal EQT Infrastructure to acquire Covanta Holding Corporation in USD5.3bn deal Submitted 14|07|2021 - 1:18pm EQT Infrastructure is to acquire Covanta Holding Corporation (Covanta), an owner and operator of Waste-to-Energy (WtE) facilities in North America. Under the terms of the agreement, which was unanimously approved by Covantas Board of Directors, shareholders will receive USD20.25 in cash per share of Covanta''s common stock in a transaction valued at USD5.3 billion, including the assumption of Covantas net debt obligations. The purchase price represents a 37 per cent premium to Covantas unaffected share price of USD14.86 on 8 June, the day prior to initial media speculation of a transaction. Waste-to-Energy is a vital part of the waste disposal value chain, offering a far more sustainable alternative to landfilling waste for communities and businesses, with a significantly smaller real estate footprint per ton disposed compared to traditional landfills. The process ensures optimal use of waste by: reducing waste volumes by 90 percent that would otherwise get landfilled