Selling the Canadian Municipal operations is consistent with Renewi’s strategy of simplifying its business portfolio and deleveraging the balance sheet. The completion of this transaction and possibly one other that has been flagged will allow investors to focus on the company’s positions, operational improvements and growth aspirations for its core markets. Progress here is likely to be reflected in a re-rating in our view.
19 Jun 2019
Renewi - Exit from Canada announced
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Renewi - Exit from Canada announced
Renewi Plc (RWI:LON) | 564 -39.5 (-1.2%) | Mkt Cap: 454.7m
- Published:
19 Jun 2019 -
Author:
Toby Thorrington -
Pages:
3
Selling the Canadian Municipal operations is consistent with Renewi’s strategy of simplifying its business portfolio and deleveraging the balance sheet. The completion of this transaction and possibly one other that has been flagged will allow investors to focus on the company’s positions, operational improvements and growth aspirations for its core markets. Progress here is likely to be reflected in a re-rating in our view.