Swedish private equity fund EQT on February 4 said it agreed to sell its German holding EEW Energy from Waste to Beijing Enterprises Holdings for roughly €1.44 billion, the latest in a string of foreign acquisitions by Chinese companies.

EQT said the deal for EEW, which operates 19 waste-incineration power plants, would close by the end of February. The Wall Street Journal reported on February 3 that BEH had emerged as the front runner to buy the company.