Morgan Stanley Infrastructure to Acquire Majority Stake in French Waste Firm Nicollin
MS sits 64% above its 52-week low of $135.265.
Summary
Morgan Stanley Infrastructure Partners (MSIP) has entered into an exclusivity agreement to acquire a majority stake in Nicollin Environnement, a family-owned French environmental services company. The deal adds a waste collection, street cleaning, and water solutions platform with approximately 4,800 employees and 360 public contracts to MSIP's $17B infrastructure portfolio. The Nicollin family will retain a minority stake and continue to support growth. The transaction is expected to close in Q4 2026, pending regulatory approvals and completion of mandatory information and consultation procedures. This acquisition aligns with MSIP's European infrastructure strategy and expands its presence in essential municipal services.
At the time of this announcement, MS was trading at $222.13 on NYSE in the Finance sector, with a market capitalization of approximately $350.4B. The 52-week trading range was $135.27 to $230.47. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.