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Renewi plc to be Acquired by Earth Bidco B.V. Following Regulatory Approvals

Story Highlights
  • Renewi plc is being acquired by Earth Bidco B.V. for 870 pence per share.
  • The acquisition has received necessary regulatory clearances and is set to be finalized by June 6, 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Renewi plc to be Acquired by Earth Bidco B.V. Following Regulatory Approvals

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

Renewi plc, a company involved in waste management and recycling, is set to be acquired by Earth Bidco B.V., a newly formed company controlled by Macquarie European Infrastructure Fund 7 and BCI UK IRR Limited. The acquisition, valued at 870 pence per share, will be executed through a court-sanctioned scheme of arrangement. The acquisition has received necessary regulatory clearances from Belgian, Chinese, and EU authorities. The final steps include a Sanction Hearing scheduled for June 4, 2025, with the scheme expected to become effective by June 6, 2025, leading to the suspension and eventual cancellation of Renewi’s share trading on major exchanges.

The most recent analyst rating on (GB:RWI) stock is a Hold with a £7.00 price target. To see the full list of analyst forecasts on Renewi plc stock, see the GB:RWI Stock Forecast page.

Spark’s Take on GB:RWI Stock

According to Spark, TipRanks’ AI Analyst, GB:RWI is a Neutral.

Renewi plc’s overall score reflects mixed financial performance with high leverage and profitability challenges, but is balanced by strong cash flow stability and positive technical momentum. The strategic acquisition and increased investor confidence enhance future prospects, although valuation metrics remain weak.

To see Spark’s full report on GB:RWI stock, click here.

More about Renewi plc

Average Trading Volume: 536,710

Technical Sentiment Signal: Buy

Current Market Cap: £693M

See more insights into RWI stock on TipRanks’ Stock Analysis page.

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