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Cleanaway pursues Suez Australia in $2b-plus deal

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Australia’s largest waste management group Cleanaway says it has approached global giant Suez about potentially buying its Australian assets in a $2 billion-plus deal that would attract fierce scrutiny from the competition regulator.

The proposed buyout was first revealed by The Australian Financial Review’s Street Talk column on Thursday afternoon and triggered a halt in trading on the ASX of Cleanaway shares.

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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
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/companies/infrastructure/cleanaway-pursues-suez-australia-in-big-waste-deal-20210304-p577t4