Renewi sells Canadian assets

R

Waste processor Renewi has sold its Canadian operations. The Anglo-Dutch merger, which originated from Shanks and Van Gansewinkel, sells the Canadian branch to the Dutch investment fund Convent Capital. That pays around 72 million euros.

Renewi will receive the purchase price in installments, starting with an initial payment of approximately 56 million euros. The full acquisition is expected to be completed in September. Various municipalities in Canada still have to give their approval for the acquisition.

The sale simplifies Renewi’s structure and improves the balance between equity and debt on the balance sheet. Renewi has a stock exchange listing in London, but wants to go to the Amsterdam stock exchange later this year.


By: Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to [email protected]

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

Categories

About us

EconomicInform, EconomicInform.com is a product of EconomicInform LLC. We sincerely believe that economics is one of the most interesting and most underappreciated – in terms of getting some enjoyment out of reading the subject articles – sciences. More on that - at the link. Feel free to drop us a line.