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EQT to Acquire Cleanaway Waste Management in $6.5 Billion Deal

BullishHigh impact
CWYA$2.97 20.24%TSPCF$1.62 −14.74%EQT$54.30 3.53%

Swedish investment firm EQT has agreed to acquire Australian environmental services company Cleanaway Waste Management Ltd. (ASX:CWY) in a deal valuing the business at approximately A$9.3 billion ($6.5 billion), including debt. Under the proposed scheme of arrangement, the buyer will acquire all shares via its EQT Infrastructure VI fund for A$3.095 per share in cash, minus any dividends or distributions distributed prior to closing.

The acquisition places one of Australia's major waste management and recycling operators into private ownership. EQT plans to support the company's long-term expansion by investing in infrastructure and improving operations. Following the takeover announcement, Cleanaway's primary shares on the Australian Securities Exchange rose 20.24% to A$2.97.

Investors will be watching for regulatory approvals and shareholder votes required to complete the transaction, which is slated to close by the end of March 2027. Any dividend distributions paid before the deal finishes will directly reduce the final cash offer price per share.

Key points

  • EQT agreed to buy Cleanaway Waste Management Ltd. for approximately A$9.3 billion ($6.5 billion) including debt.
  • Shareholders are set to receive A$3.095 per share in cash, subject to deductions for pre-closing dividends.
  • The deal is being executed through the EQT Infrastructure VI fund via a scheme of arrangement.
  • Cleanaway's Australian-listed shares jumped 20.24% following the buyout announcement.
  • The transaction is targeted for completion by the end of March 2027.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

How much is EQT paying to acquire Cleanaway Waste Management?

EQT is acquiring Cleanaway Waste Management in a deal valued at approximately A$9.3 billion ($6.5 billion) including debt, offering shareholders A$3.095 in cash per share.

When is the Cleanaway acquisition expected to close?

The transaction is expected to be completed by the end of March 2027, subject to customary conditions.

What will happen to Cleanaway dividends before the deal completes?

Any dividends or other distributions paid to Cleanaway shareholders prior to completion will be deducted from the A$3.095 per-share purchase price.