Cleanaway Waste Management logo

CWY - Cleanaway Waste Management News Story

A$2.83 0.0  1.6%

Last Trade - 2:30am

Sector
Industrials
Size
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)
 ((sudip.kargupta@thomsonreuters.com;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.