Cleanaway Waste Management logo

CWY - Cleanaway Waste Management News Story

A$2.8 0.0  1.1%

Last Trade - 07/05/21

Sector
Industrials
Size
Large Cap
Market Cap £3.23bn
Enterprise Value £3.78bn
Revenue £1.29bn
Position in Universe 99th / 1907

BRIEF-Cleanaway Updates On Acquisition Of Suez's Australian Assets

Tue 13th April, 2021 2:12am
April 13 (Reuters) - Cleanaway Waste Management Ltd
 CWY.AX :
    * UPDATE REGARDING ACQUISITION OF SUEZ'S AUSTRALIAN
RECYCLING AND
RECOVERY BUSINESS
    * INFORMED BY SUEZ THAT IT HAS REACHED AN IN‐PRINCIPLE
AGREEMENT
WITH VEOLIA ENVIRONNEMENT S.A. FOR A TAKEOVER
    * WILL ACQUIRE A PORTFOLIO OF STRATEGIC POST COLLECTION
ASSETS IN
SYDNEY.
    * ASSETS COMPRISE 2 LANDFILLS AND 5 TRANSFER STATIONS AND
WILL BE
ACQUIRED FOR $501 MILLION
    * EXPECTS SUEZ R&R ACQUISITION WILL BE TERMINATED ON, OR
PRIOR TO
6 MAY, AND SYDNEY ASSETS ACQUISITION WILL PROCEED
    * BASED ON EXPECTED TIMELINE FOR TAKEOVER OF SUEZ BY VEOLIA,
SYDNEY ASSETS ACQUISITION EXPECTED TO COMPLETE IN Q2 OF CY22
    * SUEZ HAS ANNOUNCED THAT IN‐PRINCIPLE AGREEMENT PROVIDES
FOR
SUSPENSION OF ONGOING LEGAL PROCEEDINGS
    * WILL PROVIDE FURTHER INFO ON PROPOSED FUNDING OF
ACQUISITION IN
DUE COURSE

Source text for Eikon:  ID:nASX9HLzmw 
Further company coverage:  CWY.AX 

 ((Reuters.Briefs@thomsonreuters.com;))
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