RenoNorden AS has since 6. September entered into new negotiations with certain municipalities in order to terminate nine unprofitable customer contracts entered into in 2015 and first half of 2016. A prerequisite for the municipalities for accepting termination has been equal treatment of all the municipalities involved. The company has failed to achieve a satisfactory solution and have informed its parent and lenders thereof today. Based on this, RenoNorden ASA`s lenders, DNB and Den Danske Bank (“the Banks”), have announced that no further funds will be available to either RenoNorden AS or RenoNorden ASA. Subsequently, both entities will file for bankruptcy without undue delay. The Banks have stated that they intend to offer financing to the subsidiaries in Denmark, Sweden and Finland on an independent basis to support their continued business. The dialogue in this respect will be carried out between the Banks and each of the subsidiaries.
Proudly working for a cleaner Nordic society
RenoNorden is the Nordic region’s leading private waste collection and transportation company, providing services to over five million people across four countries. As a company that operates in an essential social industry, RenoNorden offers investors a powerful and profitable investment opportunity.
Where we operate
With a market share of 46%, RenoNorden delivers refuse collection services across Norway, serving a third of the total population.
We’ve delivered waste collection services across Sweden since 2008. We’re industry leaders with a market share of 15%.
With a market share of over 32%, RenoNorden is the largest operator in the Danish refuse collection and transportation industry.
Our fast-growing Finnish operation delivers refuse collection services across the country, and has a current market share of 15%.
Founded in Norway in 2000, RenoNorden has grown to become the Nordic regions leading private waste collection and transportation company. Find out how.
Over five million citizens across four Nordic countries depend on RenoNorden to provide them with a safe, reliable and efficient refuse collection service.
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