(Reuters) - British waster manager Shanks Group Plc SKS.L said it had agreed terms to buy Dutch recycler van Gansewinkel Groep BV, paving the way for the combined company to become a leader in the Benelux region.
According to terms agreed upon by both companies, Shanks would buy van Gansewinkel for 482 million euros ($540.80 million), on a debt-free cash-free basis.
The terms agreed upon by both companies are identical to Shanks’ statement earlier this month.
On Thursday, Shanks said its trading was in-line with current expectations and that its performance in the Benelux region was strong.
($1 = 0.8913 euros)
Reporting by Vidya L Nathan in Bengaluru, Editing by Sunil Nair