EQT Agrees to Acquire Cleanaway Waste Management for A$9.3 Billion

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EQT Agrees to Acquire Cleanaway Waste Management for A$9.3 Billion

merger_acquisitionannounced2026-10-18 23:02:48 UTCimp 0.86CWY.AX +0.90EQT.ST +0.70

On October 18, 2026, EQT Infrastructure VI announced a binding Scheme Implementation Deed to acquire all shares of Cleanaway Waste Management (ASX: CWY) through a scheme of arrangement. The offer is A$3.095 in cash per share, less any dividends or other distributions, implying an enterprise value of approximately A$9.3 billion. Cleanaway’s board unanimously recommends the scheme, which remains subject to the scheme process and applicable approvals.

Surprise 0.61Confidence 0.94
Rationale

This is a new, material transaction milestone: EQT Infrastructure VI announced a binding Scheme Implementation Deed to acquire all shares of Cleanaway Waste Management for approximately A$9.3 billion, following an earlier non-binding proposal and exclusivity period. The transaction is highly relevant to Cleanaway and EQT, but it remains subject to the scheme process, shareholder approval and other applicable approvals, so the acquisition is announced rather than completed. The October 18 date is explicit, while the precise occurrence time is estimated from the Bloomberg/X timestamp. Only the direct transaction parties are approved as stakeholders; indirect competitor and supplier effects are too speculative for conservative approval.

EventsEQT Infrastructure Acquisition of Cleanaway Waste Management
Evidence
bloomberg2026-10-18 22:55:07 UTCOpen source
Sweden's EQT has agreed to buy Australia's Cleanaway through a unit, in a deal that values the waste management firm at about A$9.3 billion