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LONDON - Renewi plc, a waste-to-product company, has had its shares delisted from both the London Stock Exchange (LON:LSEG) and Euronext (EPA:ENX) Amsterdam today, following the completion of its acquisition by Earth Bidco B.V. The delisting comes as a result of a court-sanctioned scheme of arrangement under the UK Companies Act 2006, which was announced to be effective last Monday.
The consortium behind the acquisition includes Macquarie European Infrastructure Fund 7 SCSp, managed by Macquarie Asset Management Europe S.à r.l., and BCI UK IRR Limited, an indirect subsidiary of British Columbia Investment Management Corporation. This move signifies the end of public trading for Renewi shares, which ceased at 7:30 a.m. London time today.
The acquisition process was outlined in a detailed scheme document published on February 28, 2025, which provided the terms of the arrangement. The successful completion of the scheme indicates the consortium’s control over Renewi, which is now expected to operate as a privately held entity.
Advisers involved in the transaction included Goldman Sachs International and Greenhill (NYSE:GHL) & Co. International LLP for Renewi, and Citigroup (NYSE:C) Global Markets Limited and Macquarie Capital for the consortium. The financial details of the acquisition have not been disclosed in this announcement.
The delisting of Renewi shares marks a significant change in the company’s ownership structure and opens a new chapter for the firm under the consortium’s guidance. Investors and stakeholders will be looking closely at how the acquisition will influence Renewi’s strategy and operations in the waste management sector.
This report is based on a press release statement and does not include any additional commentary or speculative insights.
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