EQT agrees to acquire Australia's Cleanaway Waste for $6.5 billion

Glonghui, October 19｜A subsidiary of EQT AB has reached an agreement to acquire Australia's Cleanaway Waste Management Ltd., valuing the company at approximately 9.3 billion AUD (equivalent to 6.5 billion USD). After a period of sluggish stock performance, Cleanaway has become another Australian local company transitioning to private equity ownership. According to an exchange filing submitted on Monday, EQT's entity, Sedum Group Pty Ltd, will acquire all shares of Cleanaway at a cash price of 3.095 AUD per share, with the amount to be adjusted for subsequent dividend distributions. The board of directors of this waste management company also plans to distribute a fully franked special dividend to shareholders before the completion of the transaction, with each share expected to receive a dividend in the range of 0.145 to 0.190 AUD.