EQT AB to Acquire Cleanaway for A$9.3 Billion

EQT AB agreed to acquire Cleanaway Waste Management Ltd. in a deal valuing the Australian company at approximately A$9.3 billion ($6.5 billion). The Swedish investment firm will execute the purchase through its entity, Sedum Group Pty Ltd., which will buy 100% of Cleanaway shares for A$3.095 cash per share, minus any dividends.

The acquisition follows a period of share underperformance for the waste manager. As part of the agreement, the board of Cleanaway will provide shareholders with a fully franked special dividend between A$0.145 and A$0.190 per share before the deal is implemented.