EQT to Buy Cleanaway Waste for A$9.3B in Infrastructure Push
EQT is trading near its 52-week low of $47.937 (13% above the low).
Summary
EQT's Infrastructure VI fund agreed to buy all of Cleanaway Waste Management for A$3.095 per share in cash, valuing the Australian waste and recycling business at about A$9.3B ($6.5B) including debt. The deal is structured as a scheme of arrangement and is expected to close by the end of March 2027. For EQT this is a sizable deployment of its flagship infrastructure vehicle into Australian environmental services, a sector it has been building out. Cleanaway shareholders get a clean cash exit at a fixed price, with the per-share consideration reduced by any dividends paid before completion. The main open item is the scheme vote and regulatory approvals in Australia ahead of the March 2027 target.
At the time of this announcement, EQT was trading at $54.20 on NYSE in the Finance sector, with a market capitalization of approximately $34B. The 52-week trading range was $47.94 to $68.24. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Seeking Alpha.