Renewi to Exit UK Market with Bin Collection Business Sale

Thursday, 30 May 2024, 21:01

Renewi, a company with historical roots dating back to Scottish construction firm Shanks & McEwan established in 1880, has decided to leave the UK market by selling off its municipal division to Biffa for £131 million. This strategic move marks a significant shift in Renewi's business focus and expansion plans as it exits the bin collection business in the UK.
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Renewi to Exit UK Market with Bin Collection Business Sale

Market Report

Renewi, a company rooted in the construction industry since 1880, is making headlines by selling off its municipal division to Biffa for £131 million. This move signifies a major strategic decision for Renewi as it plans to exit the UK market.

Key Points:

  • Renewi: A long-standing company with historical significance
  • Biffa: Acquisition of Renewi's municipal division for £131 million
  • UK Market: Renewi's strategic exit from the UK

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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