Rhenus takes a majority stake in GRL-Leeseringen

09-11-2015

According to Euwid Magazine, FERVER’s member Rhenus Recycling was seeking a majority stake in Glasrecycling Leeseringen (G.R.L. GmbH), also member of FERVER.

However, the acquisition of a two-third stake of the German glass recycler was awaiting approval from the German Federal Cartel Office.
We learned this morning that the Cartel Office has given its approval to this transaction. The remaining one-third stake will continue to be in the hands of glass producer Ardagh Glass GmbH and, according to Euwid, G.R.L. GmbH will continue to operate under its current name.