Macquarie Group to acquire Renewi for £707m.

Macquarie Group, a private equity firm, agreed to acquire Renewi, a waste management firm, for £707m. "Renewi is a leader across Europe's recycling industry and is successfully delivering on its waste-to-product strategy. The offer represents not only a material premium for our shareholders, but also an opportunity with the support from Macquarie and BCI to further deliver on our strategy, to the benefit of all stakeholders, from employees to customers. We believe the Consortium will be a strong steward of Renewi, building on our success to date, and we are consequently recommending shareholders vote in favour of the combination," Ben Verwaayen, Renewi Chairman. On February 13, 2024, the firms agreed to final terms of the offer.