ASX-listed Cleanaway has agreed to buy the Australian assets of French waste group Suez for $2.52 billion but the deal has conditions attached that depend on the outcome of a broader takeover battle playing out in France between Veolia and Suez.
Cleanaway, Australia’s biggest waste management company, announced on Tuesday it has signed an agreement with Suez to buy the Australian business that generates $1.42 billion in annual revenue.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
