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CWY - Cleanaway Waste Management News Story

A$2.81 0.0  0.4%

Last Trade - 7:10am

Sector
Industrials
Size
Large Cap
Market Cap £3.18bn
Enterprise Value £3.72bn
Revenue £1.27bn
Position in Universe 100th / 1913

BUZZ-Australia's Cleanaway jumps on agreement to buy Suez's local unit

Tue 6th April, 2021 2:02am
** Shares of Cleanaway Waste Management Ltd  CWY.AX  gain as
much as 11.8% to A$2.460, posting their biggest intraday pct
jump since Feb. 19, 2020
    ** Waste management solutions co enters an agreement with
France-based Suez Groupe S.A.S  SEVI.PA  to acquire its unit
Suez R&R Australia for A$2.52 bln ($1.93 bln)  urn:newsml:reuters.com:*:nL4N2LY2DU
    ** Says Paris-based Suez is involved in a takeover battle
with domestic rival Veolia  VIE.PA  since it rejected an 11.3
bln euros ($13.35 bln) offer in February
    ** Suez may terminate the acquisition by May 6 if it reaches
a deal with Veolia - CWY
    ** CWY shares hit their highest level since Jan. 20
    ** Stock top percentage gainer on the benchmark ASX/200
index  .AXJO 
    ** Stock had lost 6.4% this year, as of last close
($1 = 1.3058 Australian dollars)
($1 = 0.8465 euros)

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))
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