Viridor chooses Interserve for Glasgow recycling plant

Recycling company Viridor has called on support services group Interserve to build a recycling and renewable energy centre for Glasgow City Council.

Viridor, a subsidiary of water group Pennon, has signed a 25-year "design, build, finance and operate" contract with the council to recycle and treat Glasgow's residual municipal waste, and Interserve will be paid £146m to handle the design and build part of that undertaking.

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Shares in Interserve were barely changed on the announcement.

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