Shanks will not be sold cheaply

By Daily Mail Reporter
Updated:

 

Tom Drury, chief executive of waste management group Shanks, repeated a pledge not to sell the company on the cheap.

Shanks turned down an approach at 135p earlier this year from US buyout group Carlyle, but there have been rumours in recent weeks that the buyer could come back, as shares edged up marginally to 110p.

'We still see good future growth from the regulation of landfill waste,' Drury said.

The group, which operates in the Netherlands, Belgium, the UK and Canada, reported half-year pre-tax profit up 2% to £16.8m, and held the dividend at 1p.

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