EQT has plans to acquire 100 percent of the issued ordinary shares in Cleanaway Waste Management, an Australian integrated waste management and resource recovery platform, by way of a scheme of arrangement.
Under the scheme, Cleanaway shareholders will receive A$3.095 ($2.149) in cash for each Cleanaway share. The cash consideration implies an enterprise valuation of approximately A$9.3 billion ($6.5 billion).
The Cleanaway board has unanimously recommended that Cleanaway shareholders vote in favor of the scheme in the absence of a superior proposal and subject to an independent expert concluding that the scheme is in the best interests of Cleanaway shareholders.
Cleanaway provides essential collection, recycling, treatment and disposal services to households, businesses, councils and communities across Australia. Its integrated national infrastructure network, longstanding customer relationships and operating capabilities position Cleanaway to serve Australiaâ€
