Germany’s Schwarz, Weig groups to set up jv for online trading platform

BRUSSELS, Jan. 31, 2019 (PPI Europe) -The German waste management specialists GreenCycle and Nord-Westdeutsche Papierrohstoff GmbH & Co. KG (NWD) plan to found a joint venture (jv) to create and operate an online trading platform for non-hazardous recyclables. The planned business combination was filed with the European Commission last week.

According to the companies, GreenCycle, which is part of the Schwarz group that mainly operates in the food retail sector in more than 30 countries through its Lidl and Kaufland divisions but is also active in the collection and trade of recyclables, will hold a 51% share of the jv. NWD ...

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