Goodwood Capital Limited (GWC) has announced agreement to acquire 100% of WasteCo Holdings NZ Limited, a diversified waste, refuse and industrial services business.
The transaction values WasteCo at $31 million and will result in the existing WasteCo shareholders owning 80% of the ordinary shares in GWC.
Subject to shareholder approval, the completion date is expected to be within one week of the shareholders meeting, with the board of GWC post completion consisting of three of the current WasteCo shareholders and two independent directors.
NZX trading in GWC shares will be suspended pending the release of the Notice of Meeting and Profile to the market.
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