Brief: Renewi Announces Sale Of Uk Municipal Business To Biffa

Renewi

30/05/2024 07:03

Renewi PLC  RWI.L :
    * RENEWI ANNOUNCES SALE OF UK MUNICIPAL BUSINESS TO BIFFA
    * RENEWI ANNOUNCES SALE OF UK MUNICIPAL BUSINESS TO BIFFA
    * RENEWI PLC - RENEWI ANNOUNCES SALE OF UK MUNICIPAL
BUSINESS TO
BIFFA
    * RENEWI PLC - DIVESTMENT WILL IMMEDIATELY INCREASE RENEWI'S
FREE
CASH FLOW BY EUR 15-20M PER ANNU
    * RENEWI PLC - DIVESTMENT: WILL DRIVE AT LEAST C.50BPS OF
EBIT
MARGIN EXPANSION
    * RENEWI PLC - EXPECTS ITS FREE CASH FLOW GENERATION TO
IMPROVE BY
C EUR 15-20M PER ANNUM AS A RESULT OF DIVESTMENT
    * RENEWI TO FUND DIVESTMENT WITH €120M BRIDGE FACILITY
    * RENEWI DIVESTMENT EXPECTED COMPLETION BEFORE END OF 2024

Source text for Eikon:  ID:nGNXb6QSFs 
Further company coverage:  RWI.L