Completion of transaction

RNS Number : 8416W

Shanks Group PLC

03 January 2014

 



Shanks Group plc

("Shanks" or "the Group")

Shanks completes sale of UK Solid Waste business to Biffa

Leading international waste management business Shanks Group plc ('Shanks') is pleased to announce that it completed the sale of the majority of its UK Solid Waste business to Biffa on 31 December 2013.  The transaction was announced on 15 October, and has completed on schedule following successful employee consultation and resolution of other routine regulatory clearances.

3 January 2014

For further information please contact:

Shanks Group plc
Toby Woolrych - Group Finance Director	[phone]
College Hill
Mike Davies	[phone]
Helen Tarbet	[phone]

Shanks Group plc is a leading international sustainable waste management business with operations in the Netherlands, Belgium, United Kingdom and Canada.

The Group provides a range of recycling and energy recovery solutions to customers in both the public and private sector. The Group employs over 4,000 employees and last year it handled 7.8 million tonnes of waste achieving an overall recycling and recovery rate of 78%.

The Group has a significant organic waste treatment capacity of over 1 million tonnes.

In May 2012 it reported annual revenues of £750 million and trading profits of £53.4 million. The company was established in 1880 and is based in Milton Keynes, Buckinghamshire.

For more information visit www.shanksplc.com 

 

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