London, 26 October 2023
Macquarie Asset Management – on behalf of one or more of its managed funds – (“Macquarie”) has announced that it does not intend to make an offer for Renewi Plc (“Renewi”).
Please note that this transaction is subject to the City Code on Takeovers (the “Code”) as well as the Dutch Financial Supervision Act and the Dutch Takeover Bids Decree. Accordingly, the transaction is overseen by The Panel on Takeovers and Mergers, an independent body whose main functions are to issue and administer the Code and to supervise and regulate takeovers and other matters to which the Code applies, as well as the Netherlands Authority for Financial Markets (Autoriteit Financiële Markten). Due to Renewi’s dual listing, the relevant provisions of each of the UK Market Abuse Regulation and the EU Market Abuse Regulation apply and, hence, will be observed.
The central objectives of the UK and Dutch rules on public takeovers are to ensure fair treatment for all shareholders in takeover bids. As such, we are not permitted to provide any further information beyond what is contained within the announcements and documents available here. Further information will be communicated as and when available in accordance with applicable laws and regulations.
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