EQT Is Said to Explore Options for $8 Billion-Plus Waste Firm

EQT AB is exploring strategic options including a minority stake sale for Reworld that could value the waste management company at more than $8 billion including debt, according to people with knowledge of the matter.

The Stockholm-based firm owns Reworld — known as Covanta until last month — through its infrastructure arm. EQT is working with advisers and is in the early stages of soliciting interest from potential suitors, said the people, who asked not to be identified discussing confidential information. No final decisions have been reached and EQT could decide against pursuing a transaction.

A representative for EQT declined ...