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Australia's Cleanaway hits over two-year high after company agrees to EQT buyout

By Reuters News

** Shares of Cleanaway CWY.AX surge as much as 21.1% to A$2.99, their highest level since August 21, 2024

** Stock set for its best session since October 31, 2011, if current trends hold

** The waste management company agreed to be bought by Swedish private equity group EQT EQTAB.ST, in a deal that valued the company at A$9.3 billion ($6.48 billion), including debt

** Scheme expected to be implemented by the end of March 2027

** YTD, stock up 14.3%


($1 = 1.4355 Australian dollars)

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