Home / Business and Economy / EQT Eyes Cleanaway in $4.9B Waste Deal
EQT Eyes Cleanaway in $4.9B Waste Deal
13 Aug
Summary
- EQT Infrastructure proposed an acquisition of Cleanaway Waste Management.
- The deal values the Australian firm at approximately A$6.9 billion.
- EQT's offer represents a 32% premium over Cleanaway's closing price.
EQT Infrastructure has initiated a substantial acquisition offer for Cleanaway Waste Management Ltd., an Australian-listed firm. The proposed deal values Cleanaway at approximately A$6.9 billion, equivalent to $4.9 billion.
EQT's offer details a plan to purchase all outstanding shares of Cleanaway at a price of A$3.13 per share in cash. This proposal represents a significant 32% premium compared to Cleanaway's closing share price.
The bid from EQT signals a major development in the waste management sector. The transaction is subject to further negotiations and approvals.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
