NewsBite

Chanticleer

Chanticleer

Cleanaway consolation prize may be better for investors

Suez and Veolia’s merger has scuppered Cleanaway’s purchase of Suez’s Australian assets for $2.5 billion. But a clever consolation deal might be just as good. 

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

C’est décevant.

That would have been the reaction around Cleanaway’s Melbourne headquarters on Monday evening as news filtered through from Paris that French waste giants Suez and Veolia had, after months of bitter negotiations, finally agreed to a $20 billion merger deal.

Loading...
James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Infrastructure

Fetching latest articles

Most Viewed In Chanticleer

    Original URL: https://www.afr.com/link/follow-20180101-p57ip8