Swedish investment group EQT said it signed a binding scheme implementation deed to acquire Australian waste management group Cleanaway for A$3.095 in cash per share, subject to adjustments for dividends and distributions. EQT puts the enterprise value at about A$9.3 billion. Cleanaway’s board recommends the transaction in the absence of a superior proposal and subject to an independent expert’s assessment. Completion depends on shareholder, court and regulatory approvals, with implementation targeted by the end of March 2027. The definitive agreement is a new step beyond the previously disclosed non-binding approach.
Private equity firm EQT has reportedly agreed to acquire Australian waste management company Cleanaway in a deal valued at A$9.3 billion. The proposed acquisition highlights investor interest in essential infrastructure and environmental services. MarketA place - physical or digital - where buyers and sellers meet and agree on a price. Lix’s simple rule: no buyers and sellers, no market.Read More participants are monitoring the transaction's financing, regulatory approvals and potential impact on Australia's mergers and acquisitions market.
