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Last week, we were positively surprised to see the robust cash flows of Buzzi Unicem (OTC:BZZUF) (OTCPK:BZZUY) and the management’s capital allocation program. Most of the cash was added to the balance sheet, while the dividends were neglected a bit. Perhaps, this will change once the company reaches a net cash position?
In this week’s edition of Focus on Europe, we will have a closer look at a potential turnaround story. Renewi’s reported financial results appear to be very weak, but once you filter out the exceptional items, the