Merger with Van Gansewinkel - approval in Belgium

RNS Number : 1109V

Shanks Group PLC

25 January 2017

 

25 January 2017

Shanks receives approval in Belgium for merger with Van Gansewinkel

International waste-to-product business, Shanks Group plc (LSE: SKS), today announces an update to the proposed Merger with Van Gansewinkel Groep BV ("VGG Group"). 

Shanks is pleased to announce that it has now received approval from the relevant competition authorities in Belgium in relation to the Merger.

Completion of the Merger remains conditional on, amongst other things, the receipt of approval from the relevant competition authorities in the Netherlands. Continued positive progress is being made in relation to this approval, which the Board believes will complete in line with previous expectations. 

A further update will be announced in due course.

Terms used in this announcement shall have the same meanings as set out in the Combined Circular and Prospectus of the Company dated 29 September 2016.

For further information:

Shanks Group plc	[phone]
Peter Dilnot
Toby Woolrych

Brunswick Group	[phone]
Carole Cable
Fiona Micallef-Eynaud

Shanks Group is a leading international waste-to-product business.

The Group uses a range of cost-effective sustainable technologies to make valuable products from what is thrown away. We produce green energy, recovered fuel, recycled commodities and organic fertiliser.

Shanks meets the growing need from public and private sectors to manage waste sustainably without damaging the environment. Our solutions reduce greenhouse gas emissions, recycle natural resources and limit fossil fuel dependency.

Shanks operates in three divisions that reflect our markets: Hazardous, Commercial and Municipal. It has operations in the Netherlands, Belgium, UK and Canada and employs approximately 3,500 people.

For more information, visit: www.shanksplc.com

 

END

 

 

MSCXELFLDFFEBBL