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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Renewi PLC (PK) | USOTC:SHMCF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 7.50 | 8.16 | 9.16 | 0.00 | 17:15:00 |
From Jul 2019 to Jul 2024
Shanks Group PLC (SKS.LN), a European independent waste management business, said Tuesday it has acquired the U.K. waste PFI interests of United Utilities Group PLC (UU.LN) for an undisclosed sum.
MAIN FACTS:
-Shanks will take UU's place on all of its existing bids including preferred bidder for a PPP municipal solid waste, or MSW, treatment contract for both Derbyshire County and Derby City Councils and short-list positions at Leicester, Derry and Gloucester.
-Other than a small initial payment any consideration will be contingent upon the successful financial closure of individual projects and payable from win fees.
-Shanks will also take on additional skilled technical and commercial resources from the UU bid team.
-UU bids will principally employ Mechanical Biological Treatment, or MBT, alongside gasification processes for thermal treatment of waste.
-Shanks shares closed Monday at 112.6 pence valuing the company at GBP446.79 million. United Utilities shares closed at 578 pence valuing the company at GBP3.94 billion.
-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com
1 Year Renewi (PK) Chart |
1 Month Renewi (PK) Chart |
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