Renewi plc ( (GB:RWI) ) has shared an announcement.
Renewi plc, a waste-to-product company, has announced a recommended final cash acquisition by Earth Bidco B.V., a company indirectly controlled by Macquarie European Infrastructure Fund 7 and BCI UK IRR Limited. The acquisition will be executed through a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. The publication of the scheme document marks a significant step in the acquisition process, outlining the terms and conditions of the scheme, and detailing the necessary shareholder meetings and voting procedures. This acquisition is expected to impact Renewi’s market presence and operations, with plans for the de-listing of Renewi shares from the London Stock Exchange and Euronext Amsterdam following the scheme’s effectiveness.
More about Renewi plc
YTD Price Performance: 5.19%
Average Trading Volume: 737,158
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £682.6M
For detailed information about RWI stock, go to TipRanks’ Stock Analysis page.