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The Guardian - UK
The Guardian - UK
Business
Graeme Wearden

Australia’s Macquarie offers to buy UK-listed waste management firm Renewi for £700m

Macquarie United Kingdom
A Renewi truck
Renewi operates in Belgium, the Netherlands, France and Portugal. Photograph: Renewi

The asset manager Macquarie has launched a £700m offer to buy the waste management company Renewi in the latest takeover of a London-listed firm.

The two companies have reached a preliminary agreement on the financial terms of a deal that values Renewi at 870p a share, a 57% premium to its closing price of 554p on Wednesday night.

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