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CWY - Cleanaway Waste Management News Story

A$2.83 0.0  1.6%

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Large Cap
Market Cap £3.14bn
Enterprise Value £3.68bn
Revenue £1.27bn
Position in Universe 100th / 1912

BRIEF-Suez: sale agreement with Cleanaway for Recycling and Recovery activities in Australia

Mon 5th April, 2021 11:24pm
April 6 (Reuters) - Suez/Cleanaway/Veolia:
    * SUEZ has signed, on April 5th, 2021, a sale agreement for
its Recycling and Recovery business in Australia to Cleanaway
Waste Management Limited (Cleanaway). 
    * This agreement is fully in line with the SUEZ 2030
strategic plan. 
    * It specifically allows for the possibility of Veolia
taking control of this asset, through a takeover offer, on the
basis of SUEZ proposal to Veolia on March 21, 2021, or through a
direct purchase of the Australian R&R activities. 
    * Under the agreement, in certain circumstances, a selection
of landfill and transfer station assets in the Sydney area would
still be sold to Cleanaway.

 (Reporting by Sudip Kar-Gupta)
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