EQT Agrees to Buy Australia’s Cleanaway Waste for $6.5 Billion

EQT AB has reached an agreement to acquire Australia’s Cleanaway Waste Management Ltd. through a specific unit. The buyout bid values the company at approximately A$9.3 billion, which equals $6.5 billion. This transaction follows a period of share underperformance for the local firm, leading to its transition into private ownership. Following the announcement of the deal, shares of Cleanaway experienced a surge as the company prepares for the acquisition by the global investment firm EQT.