EQT Infrastructure to acquire Australian waste management firm Cleanaway at $6.5bn valuation
Cleanaway provides collection, recycling, treatment and disposal services to households, businesses, councils and communities across Australia. The post EQT Infrastructure to acquire Australian waste management firm Cleanaway at $6.5bn valuation appeared first on PE Hub .
Cleanaway Waste Management's stock surged nearly 20% to A$2.960 on Monday after the company announced a binding deal to be acquired by Sweden’s EQT Infrastructure. The deal values the Australian waste management giant at approximately A$9.3 billion, with EQT’s Sedum Group Pty Ltd acquiring 100% of Cleanaway’s shares for A$3.095 cash per share.
The board unanimously recommended that shareholders vote in favor of the deal, pending no superior proposal and an independent expert concluding the transaction benefits shareholders.
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- Why is Cleanaway Waste Management stock surging today? investing.com
- EQT agrees to acquire Cleanaway Waste in $6.5B deal seekingalpha.com
