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Renewi is listed on both the Main Market of the London Stock Exchange and Euronext Amsterdam and is a leading international waste to product company that gives new life to used materials. The company employs 7,000 people working out of 174 operating sites across Europe.

A market leader in Benelux, Renewi uses innovation and the latest technology to turn waste into secondary raw materials including paper, metal, plastic, glass, wood, building materials, compost and energy.

The Company is committed to playing a part in protecting and preserving the world’s natural resources by turning today’s waste into tomorrow’s raw materials. It recycles and recovers 90% of nearly 14 million tonnes of waste per annum, of which almost 67% is transitioned into raw materials for new products.

Their knowledge and experience combined with their broad range of services allows them to offer their customers sustainable and practical recycling solutions.

Earth Bidco B.V. is a newly formed company indirectly controlled by Macquarie European Infrastructure Fund 7 SCSp (“MEIF 7”), an investment fund managed by Macquarie Asset Management Europe S.à r.l. (“MAMES”) and BCI UK IRR Limited (“BCI UK”), an indirect subsidiary of British Columbia Investment Management Corporation (“BCI”)) (each of MEIF 7 and BCI UK being a “Consortium Member” and together, the “Consortium”

Macquarie Asset Management is a global asset manager, integrated across public and private markets. Trusted by institutions, governments, foundations and individuals to manage approximately £474 billion in assets, it provides a diverse range of investment solutions including real assets, real estate, credit and equities & multi-asset.

It has invested in, managed and helped develop assets in the waste sector for more than 15 years. Today, through its managed funds, Macquarie Asset Management is a long-term investor in companies that provide municipal solid waste, transfer, treatment, recycling and disposal, as well as energy-from-waste (EfW), in Europe, the Americas and Asia-Pacific.

Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory, and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie Group employs over 20,600 people in 34 markets and is listed on the Australian Securities Exchange.

BCI is amongst the largest institutional investors in Canada, with c.$250 billion of gross assets under management. BCI manages a portfolio of diversified public and private investments managed on behalf of its British Columbia public pension fund and institutional clients.

Based in Victoria, British Columbia, BCI is a responsible investor, investing in all major asset classes including fixed income, public equities, private equity, real estate equity, real estate debt, infrastructure and renewable resources. With offices in Victoria, Vancouver, New York and London, BCI has a global reach and broad investment scope.

BCI’s investment in Renewi will be made by BCI’s Infrastructure & Renewable Resources program, which invests in tangible long-life assets that include a portfolio of direct investments in companies across a variety of sectors spanning regulated utilities, energy, telecommunications, transportation, timberlands and agri-businesses.

On 13 ^th February 2025, the boards of Earth Bidco B.V. and Renewi announced that they had reached agreement on the terms of a recommended final cash acquisition pursuant to which BidCo shall acquire the entire issued and to be issued ordinary share capital of Renewi.

Publication of the Scheme Document

The Perivan shareholder communications team was delighted to work with Ashurst who acted as Legal Adviser on the Scheme and associated ancillary documents, which were successfully published and posted to qualifying shareholders on 28^th February 2025.

For more information, click here.

Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and are a market leader for the production of documentation relating to Mergers & Acquisitions.