The latest update is out from Renewi plc ( (GB:RWI) ).
Renewi plc has announced a significant change in its shareholder structure, with JPMorgan Chase & Co. crossing a new ownership threshold. This financial maneuver, involving a mix of direct voting rights and cash-settled equity swaps, raises JPMorgan’s total voting power in Renewi to over 5%. This shift in major holdings could potentially impact Renewi’s strategic decisions and influence its market positioning, signaling a notable development for stakeholders and investors.
More about Renewi plc
Renewi plc is a UK-based company specializing in waste management and recycling services. The company focuses on providing sustainable solutions for waste collection, sorting, and recycling, catering to both commercial and residential markets.
YTD Price Performance: 5.19%
Average Trading Volume: 671,721
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £682.6M
Learn more about RWI stock on TipRanks’ Stock Analysis page.