Report
Renewi : Divestment of UK Municipal cash burner completed
>FCF uplift by € 15-20m per annum - Renewi announces this morning that the divestment of its UK Municipal operations to Biffa has been completed. As previously announced, Renewi reminds that the completion of the divestment will immediately deliver a number of significant benefits to the group, while meeting the outlined timeline:- De-risks Renewi’s balance sheet;- Provides an increase in annual cashflow of €15-20m;- Supports EBIT margin expansion of c....
Underlying
RENEWI PLC
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Thijs Berkelder
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