Ashurst has been advising leading international waste-to-product company Renewi plc (formerly Shanks Group plc) ("Renewi") on its €497 million merger with Benelux recycler Van Gansewinkel Groep B.V. ("VGG"), which completed on 28 February 2017. Upon completion, Renewi's ordinary shares were also re-admitted to the premium listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities.

Following the successful completion of the merger and re-admission of its ordinary shares, Renewi has re-launched the combined business under a new brand.

Renewi has 8,000 employees across nine countries in Europe and North America.

The Ashurst team was led by corporate partners Nick Williamson and James Wood, assisted by senior associates Tara Waters and Braeden Donnelly. Partner Nigel Ward advised on the banking aspects of the transaction assisted by senior associate Campbell Johnston and associate Emma Sandall. Brussels Partner Annick Vroninks advised on the competition aspects of the deal. Counsel Caroline Chambers also advised.

Dutch law firm Houthoff Buruma (Jacques Kroner and Baukje Dreimuller) jointly advised on M&A aspects and works council matters.

Commenting, corporate partner Nick Williamson said:

"The merger completion and re-admission of shares are all a culmination of over a years' work (involving M&A, equity, debt and anti-trust teams), and we are delighted to have been able to help our longstanding client achieve its objective, in what will undoubtedly be an exciting new chapter in Renewi's life."