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Renewi plc ( (GB:RWI) ) has shared an announcement.
Renewi plc has announced an extension of the deadline for Macquarie Asset Management to finalize its potential acquisition of Renewi’s entire share capital. The extension, approved by both Renewi’s Board and the Takeover Panel, allows Macquarie until January 23, 2025, to declare its firm intention to make an offer. This extension underscores the strategic significance of the potential acquisition, which could impact Renewi’s positioning in the recycling industry and influence stakeholder interests.
More about Renewi plc
Renewi is a leading recycling company that focuses on converting waste into valuable materials instead of traditional disposal methods like incineration or landfill. With a strong presence in the Benelux region and across Europe, the company contributes significantly to the circular economy by reintegrating 6.6 million tonnes of low-carbon materials annually, thus playing a vital role in resource conservation and CO2 emissions reduction.
YTD Price Performance: 26.13%
Average Trading Volume: 270,942
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £639.7M
Find detailed analytics on RWI stock on TipRanks’ Stock Analysis page.
