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)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.