Cleanaway Waste Management logo

CWY - Cleanaway Waste Management News Story

A$2.47 -0.0  -0.8%

Last Trade - 09/04/21

Sector
Industrials
Size
Large Cap
Market Cap £2.83bn
Enterprise Value £3.38bn
Revenue £1.28bn
Position in Universe 112th / 1893

UPDATE 1-Australia's Cleanaway Waste Management in talks to buy Suez's local assets

Thu 4th March, 2021 4:45am
(Adds details from AFR report, background on takeover bid from
Veolia)
    March 4 (Reuters) - Australia's Cleanaway Waste Management
 CWY.AX  said on Thursday it had expressed interest in buying
the local assets of waste and water management firm Suez
 SEVI.PA  should the French company pursue a sale of the
business.
    Responding to a media report, the Melbourne-based firm said
in a statement there was no certainty that the talks with Suez
would lead to a deal for its Australian waste management assets.
    Suez did not immediately respond to a Reuters request for
comment.
    The Australian Financial Review's Street Talk column on
Thursday reported that talks between the two companies had
advanced for a deal worth more than A$2 billion ($1.56 billion),
citing sources.
    The Paris-based firm last week rejected an 11.3 billion
euros ($13.62 billion) takeover bid by domestic rival Veolia
 VIE.PA , saying that the offer threatened its corporate
interests and did not bring clear benefits in areas such as
innovation.  urn:newsml:reuters.com:*:nL1N2KW0HX
    
    


($1 = 1.2862 Australian dollars)

($1 = 0.8299 euros)

 (Reporting by Shriya Ramakrishnan in Bengaluru; Editing by
Subhranshu Sahu and Aditya Soni)
 ((Shriya.Ramakrishnan@thomsonreuters.com; +91 8061822842 ;))
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