Australia's Cleanaway rises after EQT re-confirms buyout deal

Cleanaway Waste Management

05/10/2026 01:59

** Shares of Australia's Cleanaway Waste Management  CWY.AX rise as much as 3.1%, their biggest intraday pct gain since September 14
** Shares hit highest level since September 24
** Waste management firm says Swedish investment firm EQT AB gives written re-confirmation for the buyout deal
** Says nothing has arisen in due diligence review that is likely to affect the potential deal
** Adds that EQT will proceed with the potential deal for consideration no less than the indicative offer price 
** Co says EQT is continuing its confirmatory due diligence and parties are working towards negotiation and execution of the proposed deal
** In August, CWY said it would grant EQT Infrastructure, a unit of EQT AB, exclusive due diligence after receiving an A$9.4 billion ($6.53 billion) offer 
** YTD, stock up more than 2.5%
     
($1 = 1.4386 Australian dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)
((Aamir.SheikKhalid@thomsonreuters.com))