Street Talk
Cleanaway dumps Qld’s BMI Group, doubts over auction
Cleanaway Waste Management has put its M&A cue back in the rack, leaving doubts about whether Queensland’s BMI Group can get the sort of strategic-buyer money it was chasing.
Cleanaway confirmed to Street Talk on Wednesday night that it had dropped out of BMI Group’s auction, which means it joins fellow industry players like Bingo Industries and Veolia on the sidelines and leaves the vendor talking to potential financial buyers.
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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
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
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
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