LONDON (dpa-AFX) - The Board of Shanks Group plc (SKS.L) confirmed that it is contemplating the possible acquisition of the Van Gansewinkel Groep BV, a privately-owned waste collection and recycling business in the Netherlands and Belgium. Shanks said it will shortly be submitting an updated, indicative non-binding proposal.
As the possible acquisition of Van Gansewinkel by Shanks has been deemed a reverse takeover by the FCA and Van Gansewinkel is not subject to a public disclosure regime, Shanks has requested a suspension of its shares. Shanks stated that the period of suspension of its shares will be kept under review and a further statement will be made in due course.
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