Renewi plc Shareholders Approve Acquisition by Earth Bidco B.V.

Renewi plc ( (GB:RWI) ) has issued an announcement.

Renewi plc has announced the approval of 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, valued at 870 pence per share, was approved by the requisite majority of shareholders at both the Court Meeting and the General Meeting. This acquisition, executed through a Court-sanctioned scheme of arrangement, signifies a strategic move that could enhance Renewi’s market positioning and operational capabilities in the waste management sector. The completion of the acquisition is expected in the second quarter of 2025, pending satisfaction of remaining conditions.

More about Renewi plc

Renewi plc operates in the waste management industry, focusing on recycling and recovery of waste materials. The company provides services such as waste collection, treatment, and recycling, with a market focus on sustainable waste management solutions.

YTD Price Performance: 5.69%

Average Trading Volume: 693,203

Technical Sentiment Signal: Sell

Current Market Cap: £685.8M

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