Kalkine: Renewi Departs Markets After Acquisition Completion, Impact Reflected in ft100 futures

3 min read | June 09, 2025 09:13 AM BST | By Team Kalkine Media

Highlights

  • Renewi plc shares have been officially delisted from LSE and Euronext following a completed acquisition

  • The acquisition was carried out through a court-sanctioned scheme under the UK Companies Act

  • The transaction involved Earth Bidco B.V., backed by entities linked to Macquarie and BCI

Renewi plc (LON:RWI), a company engaged in waste-to-product solutions, has formally concluded its presence on public markets. The shares of the firm have been delisted from the London Stock Exchange and Euronext Amsterdam, in line with a completed acquisition by Earth Bidco B.V. This development affects the company’s alignment with broader market indexes including the FTSE All-Share Index and has been noted by movements in ft100 futures.

The transaction was executed through a court-sanctioned scheme of arrangement under the UK Companies Act 2006. The implementation of this scheme took effect recently, leading to the cessation of share trading on both listed exchanges. The acquisition process has removed Renewi from public equity trading platforms, placing the firm under private ownership.

Consortium Details and Strategic Control

The acquisition was led by Earth Bidco B.V., a special-purpose entity backed by Macquarie European Infrastructure Fund 7 SCSp, which is managed by Macquarie Asset Management Europe S.à r.l., and BCI UK IRR Limited, a company indirectly owned by the British Columbia Investment Management Corporation. These entities now assume strategic control over Renewi, transitioning the company’s governance to a private framework.

The transaction had been documented in a formal scheme document released earlier this year. This outlined the procedural and legal steps involved in the acquisition, which included court approval and shareholder agreement. The operational direction of Renewi is now subject to decisions made by the new consortium ownership.

Timeline and Legal Formalities

The last trading session for Renewi shares (LON:RWI and EPA:RWI) occurred at the beginning of the week. The shares were officially removed from the exchanges at market open on the day of the delisting. The legal framework under which this transition occurred ensured regulatory compliance and marked the completion of the transaction.

Corporate advisers played a role in facilitating the process, supporting both Renewi and the acquiring consortium. Financial and legal arrangements were handled without public disclosure of the financial terms involved. The transition concluded in accordance with the detailed terms set out in the scheme arrangement.

Sector Implications and Operational Direction

Renewi operates within the environmental services sector, focusing on waste collection, recycling, and resource recovery. With the shift to private ownership, the company exits public scrutiny and is now positioned for strategic realignment under its new backers. The environmental services industry continues to experience structural changes, with increased interest in sustainable waste management practices.

This acquisition and the subsequent delisting represent a notable development within the sector. The move also adjusts the composition of relevant market indexes, impacting sectors connected to waste transformation services. Changes in equity structure have been reflected in broader index-linked products, including slight shifts observed in ft100 futures activity.

Market Ticker References and Index Adjustment

The company was previously listed under LON:RWI on the London Stock Exchange and under EPA:RWI on Euronext Amsterdam. With the delisting now effective, Renewi’s removal from the FTSE All-Share and related indexes is complete. This adjustment has been part of broader rebalancing activities following corporate acquisitions in the UK-listed space.

This change in Renewi’s status underlines the dynamic nature of the environmental services industry, where corporate ownership transitions continue to reshape public market composition.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next