ACM grants permission for Van Gansewinkel merger with Shanks

The Dutch Competition Authority (ACM) has authorised the merging of waste processing companies Van Gansewinkel and Shanks. The Eindhoven firm wants to finalise the merger with the British company within two weeks and continue trading under a new name. Earlier, the Belgian competition authority and its shareholders gave permission the waste processors to merge. The new name under which Van Gansewinkel will continue doing business will be announced on the day of closing.

English firm Shanks has been active in The Netherlands for years. Nearly half of the turnover of Europe’s largest waste disposal company comes from The Netherlands. Both Shanks and Van Gansewinkel employ over 4000 people, mainly in The Netherlands but also in Belgium, France, England, and Canada.

Van Gansewinkel director Marc Zwaaneveld says that the merger is the culmination of a two-and-a-half-year transformation process for the Eindhoven-based company. In 2015 the waste processor had another debt of 500 million euros, which has been sharply reduced.

 

Source: www.studio040.nl
Translated by: Bob

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